Cryptonews Tags Latin America

# Latin America (Page 11)

MP Lodges Constitutional Challenge to Bukele’s Bitcoin Bill

Another Salvadorian MP has launched a bid to derail President Nayib Bukele’s bitcoin (BTC) adoption bill – and has teamed up with a lawyer as part of his effort.As reported last week, two lawmakers from the opposition Farabundo Martí National Liberation Front (FMNL) party last...

MPs’ Bid to Amend El Salvador’s BTC Bill Raises Questions About State & Freedom

An audacious bid from two opposition lawmakers to amend key clauses in El Salvador’s forthcoming bitcoin (BTC) adoption law is accompanied by furious debate among the international crypto community.Two MPs from the Farabundo Martí National Liberation Front (FMNL) party – Anabel...

Bitcoin Salaries a No-go, Confirms El Salvador as Adoption Worries Rise

El Salvador’s President Nayib Bukele’s plans to launch a bitcoin (BTC)-powered society could be hampered by internal concerns about the most popular cryptocurrency – with the government apparently bowing to public pressure and ruling out the notion of bitcoin salaries.As reported...

World Bank Accused Of Ignorance & Hypocrisy As It Refuses to Help El Salvador

Commentators have accused the World Bank of hypocrisy and ignorance after it stated that it would not assist El Salvador and its President Nayib Bukele’s plan to create a bitcoin (BTC)-powered economy – claiming that bitcoin has displayed “environmental” and...

Economists Want El Salvador Bitcoin Law Repealed, but President Wins Key Ally

El Salvador is edging ever closer to fulfilling its President Nayib Bukele’s Bitcoin (BTC) dreams – with external help on its way, although voices of disdain continue to warn of impending financial peril if Bukele gets his way.Per Reuters and AFP (via El Economista), the head of the...

Bitcoin Beach Provides Clues about El Salvador’s Greater BTC Intentions

El Salvador’s President, Nayib Bukele, has become the talk of the crypto town, but some domestic experts have raised the alarm about the clause in his new bitcoin (BTC) bill that stipulates merchants must accept BTC as payment when requested by a customer.Particularly concerning, they claim,...

Latin America, Caribbean Could Use Thousands Volcanoes To Mine Bitcoin

A number of countries are considering using volcanoes to generate electricity, potentially providing cheaper and greener energy to local Bitcoin (BTC) mining operations while China is cracking down on this industry. In Latin America and the Caribbean alone, some 3,000 volcanoes could be used for...

, by Jaroslaw Adamowski

Understanding What Turned El Salvador’s President Bukele on to Bitcoin

It’s February 3, 2019, and the world’s media is reporting that Nayib Bukele, “the Latin American Donald Trump,” has just swept to power in El Salvador’s presidential elections. Turns out this is some pretty lazy reporting: Yes, Bukele is a right-wing populist. But it...

El Salvador Brings New Global Puzzle – What Is Bitcoin & How To Tax It?

There is a great number of issues debated today following the major news that El Salvador recognized the world's number one cryptocurrency, bitcoin (BTC), as legal tender. This may bring some important changes when it comes to how bitcoin is treated on the legal stage globally. However, in what...

, by Sead Fadilpašić

More Latin American MPs Push for Bitcoin Laws – Including a Gov’t Vice Minister

The ranks of Latin American politicians joining the laser-eyed, bitcoin (BTC) adoption-supporting movement are beginning to swell – and while the majority of the crowd are young, opposition party MPs, the group now boasts at least one government vice minister.While the movement began in...

Latin American MPs Widen Overton Window For Bitcoin

Lawmakers across the Latin American region are expressing their support for bitcoin (BTC) adoption – in the wake of the groundbreaking announcement over the weekend from the President of El Salvador that the nation aims to adopt BTC as legal tender.MPs from Brazil, Argentina, Paraguay, and...

El Salvador, Paraguay Bitcoin Adoption News Galvanizes Crypto World

Crypto’s center of gravity could take a dramatic shift – after a series of developments spearheaded by politicians in Latin America suggested that the region could be ready to open up to crypto-powered finance.Nayib Bukele has updated his Twitter profile picture with this edited...

Cuban President Talks Possible Adoption of ‘Convenient’ Crypto

The Cuban government is mulling crypto adoption as a means to fight back against financial turmoil, with crippling sanctions and the coronavirus pandemic fallout taking a heavy toll on the nation’s economy.Last month, the Congress of the Communist Party of Cuba (PCC) – the...

Inflation Stings, Bitcoin Racing Car, Digital Dolar + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Economics newsUS inflation is rising more than expected—in April alone, it grew by the most since 2009, amid rising concerns about...

, by Linas Kmieliauskas

Mercado Libre Embraces Bitcoin Pay – Which its CEO Wrote Off Last Year

Mercado Libre, an Argentinian, Nasdaq-listed e-commerce giant, became the latest firm to embrace crypto pay last week. But its CEO appears to have had a rather dramatic change of heart on the matter – as he was publicly bashing bitcoin (BTC)’s payment credentials less than 12 months...

Argentina Central Bank Tells Banks: Give Us Data on Crypto Transactions

The Argentinian central bank has asked the nation’s commercial banks to hand over data on transactions conducted by customers they believe to be trading in crypto – with yet another global government apparently gearing up to regulate its crypto users.Per Infobae, the central Banco...

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