Argentina Freezes Hayden Davis’ Assets as LIBRA Probe Closes In on Milei’s Inner Circle

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LATAM crypto news: Binance QR payments, record adoption, and US court ruling in LIBRA case

This week’s top cryptocurrency headlines in Latin America focus on how digital assets are becoming more commonplace. Latin America is establishing itself as a worldwide hotspot for financial innovation fueled by blockchain and stablecoins, with Binance introducing QR code payments in Argentina and the region hitting record levels of crypto adoption led by Brazil and […]

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Argentina Prosecutors To Investigate President Milei’s Assets Amid LIBRA Scandal

The LIBRA scam has sparked intense legal scrutiny of President Javier Milei, with Judge Sandra Arroyo Salgado investigating his ties and assets. Milei’s political future is uncertain as trust in his leadership dwindles.

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LATAM crypto: fraud risks rise in Mexico while Argentina bets on lithium tokens

LATAM’s cryptocurrency landscape continues to grow. This week’s highlights come from Mexico, where Sumub (a digital assets security platform) published a report detailing the cases of digital asset fraud and how they affect users.

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LATAM crypto update: Brazil to regulate virtual assets activities, Argentina allows crypto payments for subway

This week’s LATAM crypto news highlights the region’s dynamic cryptocurrency scene. Brazil, for example, could begin to regulate cryptocurrency-related activities, while Argentina continues on its digital innovation path by allowing underground payments in cryptocurrency.

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LATAM crypto update: Lemon launches virtual cards in Argentina, crypto ATM usage in Colombia grows 25%

LATAM’s cryptocurrency scene is witnessing notable growth this week, with Lemon launching virtual cards in Argentina and the use of crypto ATMs in Colombia surging by 25%. These developments highlight the region’s increasing embrace of digital assets, offering new opportunities for users and businesses alike.

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LATAM crypto update: Argentina advances token regulations, Brazil’s crypto imports surge 40%

This week in LATAM’s cryptocurrency landscape, Brazil continues to see an increase in cryptocurrency activity, with imports of digital assets reaching USD 1. 4 billion in September, as Argentina moves forward on plans to regulate tokens.

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Vaneck: UAE, Argentina and Ethiopia begin state-backed Bitcoin mining

Three of the newest members of BRICS—Argentina, the UAE, and Ethiopia—have begun mining Bitcoin using government resources, according to Matthew Sigel, Head of Digital Assets Research at investment firm VanEck.

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Argentina’s Ministry of Education adds Ethereum to high school curriculum

Buenos Aires high schools will start offering blockchain internships on August 27. ETH Kipu will train 500 students in Solidity and prepare 30 instructors. Argentina’s high inflation drives strong local engagement with digital assets.

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Argentina's ultimatum to crypto investors - Declare or face penalties!

Argentina crypto law requests for holders to declare their assets. Holders will receive exemption from special tax. The Argentine government on 30th June resolved to drop the tax for crypto The post Argentina's ultimatum to crypto investors - Declare or face penalties! appeared first on AMBCrypto.

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Genesis Digital Assets to Mine Bitcoin using Argentina’s Stranded Gas

Bitcoin mining activities are on the rise globally, showcasing the resilience of this highly competitive industry. Genesis Digital Assets Limited has announced an initiative to mine Bitcoin using stranded gas in Argentina.

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Argentine State-Owned Company Will Mine Bitcoin With Stranded Gas

Genesis Digital Assets Limited (GDA), a leading force in the global Bitcoin mining sector, has partnered with YPF Luz, a subsidiary of Argentina’s state-owned energy company YPF. Together, both partners have established a new Bitcoin mining facility that capitalizes on an innovative energy resource: stranded gas from oil fields.

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Argentine Government drops tax opportunities for crypto from the Omnibus Bill

The Argentine government has made a pivotal decision regarding the treatment of cryptocurrencies in the country’s legislative landscape. In a significant development, the government has opted to remove provisions related to crypto assets from the omnibus bill presented to Congress, sparking debates on the future of digital currencies in Argentina. The omnibus bill, titled “Law […]

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Can a crypto-friendly leader change Argentina’s economy amid hyperinflation?

Argentina's economic turmoil has driven residents toward precious metals and digital currencies. Pro-Bitcoin candidate Javier Milei aims to use digital assets to create a fair financial market.

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Bitfinex initiates P2P trading service in Argentina, Colombia, and Venezuela

Bitfinex announced the commencement of a peer-to-peer trading platform in Argentina, Colombia, and Venezuela, in an effort to cater to the growing market for digital assets in Latin America.

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Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets.

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Argentina's central bank halts cryptocurrencies from payment apps

The ban is intended to reduce Argentina's payment-system exposure to digital assets, said the monetary authority.

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Whilst HedgeUp (HDUP) changes the landscape for Trading Alternative Assets, BTC Futures Index coming to Argentina

Argentina is set to make history as Bitcoin (BTC) Futures Index is added to the list of tradable securities in the country. This exciting development comes when HedgeUp (HDUP) is changing the landscape for trading alternatives, providing users with a decentralized platform where people can infuse in alternative assets.

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Binance unveils direct fiat-to-crypto service in Argentina

Crypto exchange Binance has announced that its users in Argentina can now convert the local currency directly into crypto assets. This move marks the latest expansion of the exchange's offering in South America, a continent that has so far proven to be very receptive to cryptocurrencies.

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Argentina legislation may force citizens to declare their digital asset holdings

Argentina is set to introduce a new draft bill requiring citizens to declare their cryptocurrency holdings. Otherwise, they could face hefty tax penalties.  Argentina’s new draft bill targets crypto assets The bill is meant to tighten the country’s anti-money laundering…

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Argentina’s city passes bill establishing a dollar-pegged stablecoin

Argentina's San Luis has passed a bill to establish a new stablecoin pegged unto the dollar. The move by Argentina comes after New York and Miami also joined the digital assets adoption's list.

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SHIB, ADA Now Accepted at More Than 90 Million Mastercard Merchants: Details

Supported by Binance Argentina card, users can now use their assets for purchases

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Binance And Mastercard Partner To Launch Card To Users In Argentina

Crypto exchange Binance has partnered with Mastercard to launch a cryptocurrency power card for customers in Argentina. The card will be useful to spend digital assets in everyday purchases, a press release says, and reduce the gap between crypto and fiat payment rails.

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Argentina To Shut Down Crypto Activities To Attain $45 Billion Loan, Says IMF

The South American country Argentina’s central bank released a statement on Thursday saying that the country’s financial sector is not allowed to provide services related to digital assets that are not regulated.

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Latin American crypto revolution on hold as Argentina throws spanner in the works

The Central Bank of Argentina issued a release on May 5 detailing plans to “discourage the offer of crypto assets” through its financial system. The post Latin American crypto revolution on hold as Argentina throws spanner in the works appeared first on CryptoSlate.

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Argentina: Central Bank Announces About-Turn on Digital Assets

Argentina's central bank has said that regulated financial entities should not facilitate operations in unregulated digital assets. The post Argentina: Central Bank Announces About-Turn on Digital Assets appeared first on BeInCrypto.

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Amid IMF Pressure, Argentina Bans Crypto Sales Through Banks

The Central Bank of the Argentine Republic (BCRA) has banned financial institutions from offering unregulated digital assets services. The move comes roughly a month after the International Monetary Fund approved...

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Bitcoin, Ethereum, Other Coins Now Supported By Argentina’s Biggest Private Bank

Since 2019, the temperature in Argentina’s crypto ecosystem has been continuously rising, indicating a clear roadmap for mass adoption of bitcoin and other alternate assets. Argentina’s financial meltdown — marked by rising inflation, a falling currency, and a scarcity of available US dollars for investment — has actually benefited one sector: cryptocurrencies. Argentinians have been investing in […]

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Argentina’s largest two banks to allow crypto trading

Argentina’s largest bank has embraced crypto and will allow its customers to begin purchasing four crypto assets including Bitcoin through their accounts at the bank.

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Using crypto for payments is very risky, Thai Central Bank warns

While some countries like Argentina are looking to propose laws for the use of Bitcoin for salary payments, other countries are more critical of cryptocurrency. The Bank of Thailand (BoT) has cautioned against the use of digital assets like Bitcoin (BTC/USD) and Ethereum (ETH/USD) for the payment of goods and services.

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Huobi Adds Five New Payment Methods for Argentina Users

Huobi Global, one of the world’s leading digital assets exchanges, announced this week the integration of five new payment methods for its Argentina Peso (ARS)...

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Cheap Power Is Creating a Bitcoin Mining Boom in Argentina

Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate than the official one, is enticing more and more individuals to enter the […]

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Argentines Turn to Crypto to Escape Worsening Economic Situation

Argentina’s high inflation rate, a collapsing peso, and worsening economic crisis have caused citizens to seek refuge in bitcoin and other cryptocurrency assets.  Argentina Citizens Purchase Crypto to Safeguard Assets Argentina has suffered a recession since 2018, with the advent of the coronavirus pandemic further dealing a heavy blow to the country’s economic situation. Also,Read More

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Argentina’s central bank is asking citizens to disclose their Bitcoin

The Central Bank of Argentina is asking local banks to scrutinize clients that hold Bitcoin and other cryptocurrencies and engage in business or trading activities using the assets, local news reports from last week showed.

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Farmers Turn to Tokenized Assets in Argentina Amid Tumbling Peso

Blockchain-based tokenized agriculture is providing some relief for farmers in Argentina battling with a collapsing Peso. Crypto and blockchain adoption appears to be gaining ground in the country as the economic condition continues to worsen.

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Bitcoin Is Going Through the Roof in Argentina While the Government Imposes New Taxes

Argentina’s Senate approved an extraordinary one-time wealth tax to fight the coronavirus pandemic by seeking to boost government revenue and targeting millionaires with assets of more than 200 million pesos ($2.

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Bitcoin Trading Volume Sets New Highs Across Latin America

Bitcoin trading activity in South America is still on the rise with Argentina and Venezuela seeing new weekly volume records. With the coronavirus pandemic exacerbating the economic situations in different countries, people are moving increasingly towards hard money assets like Bitcoin (BTC) to preserve wealth or escape currency debasement.

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Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos

Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs.

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Bitcoin Epically Rescues this Bubble Portfolio’s Tesla Stock Crash

By CCN: A hypothetical exchange-traded fund composed of assets deemed as overvalued by the media such as Bitcoin and some tech stocks has so far this year posted a return of 17 percent, MarketWatch reports.

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Coinbase Provides Wider Support for Crypto-to-Crypto Conversions

Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries. In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities.

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UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency

The U. K. ’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers.

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Freelancers on Traditional Platforms Can Now Invoice in Bitcoin Via Bitwage

In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas.

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Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour

Cryptocurrency prices have spiked significantly in value during afternoon trading sessions on Feb. 8. The entire market cap of the top digital assets recorded today has added over $15 billion in fiat value in just one hour.

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Bitwage Service Adds Payroll Tax Payment Funding Options for U.S. Businesses

Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.

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This Year's G20 Put an Emphasis on Cryptocurrency Regulation

Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1.

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.

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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.

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How Bitcoin and Blockchain Assets can Benefit from Global Fiat Currency Crisis

As Fiat Currency Reaches Worldwide Crisis, It Might Be The Time For Bitcoin To Prosper We all think that fiat is stable until it's not. We don’t even need to go that far in history. Zimbabwe, Venezuela, Iran, Turkey, and Argentina are all proofs that nationalized currency is only as strong as the government's decisions. […]

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