Stablecoins are shaking up economies with massive inflation, offering a stable alternative to volatile local currencies. They enable efficient payments and financial inclusion, especially in Africa and Latin America. While CBDCs emerge as potential competitors, stablecoins and CBDCs might coexist, transforming financial landscapes with security and global access.
El Salvador's going all-in on Bitcoin for Christmas, defying the IMF's warnings. Meanwhile, Argentina orders its first USDT freeze, and Brazil's got some crypto cautions. It's all happening in Latin America's crypto scene this week!
Argentina freezes $3.5 million in USDT connected to Rainbowex Ponzi scheme after defrauding thousands. Arrests and international warrants issued following investigations.
Argentina freezes $3.5 million in USDT from Rainbowex pyramid scheme after major bust with 10 arrests. Justice gets serious on crypto fraud! 🕵️♂️
Argentina froze $3.5M in USDT tied to Rainbowex amidst a pyramid scheme probe. Tether was ordered to halt these funds after authorities raided and detained individuals. The case could signal stricter regulations for crypto activities in the country.
Argentina is shaking up the mining world by tokenizing lithium on Cardano’s blockchain, boosting transparency and investor access.
The press chief of Argentine second-division soccer team, Estudiantes de Río Cuarto, reportedly disappeared after a crypto scam, involving millions of dollars. The team now faces significant financial losses. Crypto investment mishaps continue making headlines worldwide, stressing the need for caution and better regulatory frameworks.
El Salvador's deal with IMF might halt Bitcoin plans, Argentina's upping its crypto patrols, and Brazil's Senate's diving into crypto discussions.
Argentina ramps up efforts to tackle crypto crimes, adding them to activities surveilled by police. New measures aim to combat unauthorized financial intermediation with cryptoassets.
BitBase sets to launch its first crypto ATMs in Argentina by 2025. Crypto adoption is rising in the region, making it a strategic move for the Spanish firm.
Argentina's approval of crypto ETFs marks a significant step in digital asset acceptance in Latin America, with possible global expansion. Speculation suggests Solana and XRP ETFs may launch by 2025.
The Czech Republic introduces a tax exemption for crypto assets held over three years, while Argentina permits access to foreign crypto ETFs via CEDEARs. Czech transactions under 100,000 koruna won't need tax reporting, and Czech banks can't deny services to crypto providers. Two new crypto ETFs launched in Argentina.
El Salvador considers a gold-to-bitcoin power trade, while Argentina opens its market to foreign crypto ETFs. Additionally, Brazil might reconsider its ban on stablecoin self-custody.
Argentina plans to legalize Bitcoin as a currency in 2025, potentially boosting BTC prices. Expected tax reforms and ETF inflows of $50 billion could contribute to heightened cryptocurrency adoption in the country.
Vitalik Buterin praised the Argentine peso's performance, noting it maintained its exchange rate with the U.S. dollar over the past year. He attributes this stability to Argentine President Milei's efforts.
Argentine President Javier Milei plans to allow free currency use, including Bitcoin, in 2025, following El Salvador's approach. Proposed tax reforms aim to reduce 90% of national taxes and enhance crypto adoption. South America's crypto momentum is rising, with significant advances in Brazil and Venezuela.
El Salvador forms a partnership with Argentina to strengthen its position as a leader in the global digital asset market.
El Salvador has partnered with Argentina to expand its presence in the global digital asset market, involving over 25 countries in the initiative.
El Salvador and Argentina are collaborating to enhance the cryptocurrency ecosystem in Latin America. This initiative coincides with global movements, including Trump's pro-crypto policies influencing countries and cities like Vancouver to explore Bitcoin-friendly policies. El Salvador's previous adoption of Bitcoin is a pivotal factor in this new venture.
Argentine President Javier Milei plans to reduce national taxes by 90%, introduce currency competition, and implement nuclear energy initiatives in his second year.
El Salvador is discussing collaboration with Argentina to boost their crypto industries.
El Salvador aims for a 25-nation crypto partnership following a deal with Argentina to enhance the digital asset market.
Argentina's CNV collaborates with El Salvador's CNAD to exchange knowledge and regulate cryptocurrency exchanges, leveraging El Salvador's experience in digital asset regulation.
El Salvador and Argentina partner to strengthen digital assets sectors, reflecting a shift in crypto diplomacy. The collaboration focuses on enhancing regulatory frameworks.
El Salvador partners with Argentina to boost the digital assets industry, negotiating with over 25 countries for similar collaborations.
El Salvador and Argentina collaborate to advance cryptocurrency, potentially boosting global adoption, institutional investment, and mainstream financial acceptance.
El Salvador and Argentina are collaborating to expand Latin America's regulatory framework for crypto through a new partnership.
El Salvador and Argentina collaborate to enhance crypto regulation and innovation in Latin America through knowledge sharing.
El Salvador and Argentina plan to collaborate on cryptocurrency regulations to enhance crypto innovation in Latin America.
Argentina's President Javier Milei removed the tax agency head after introducing a tax on digital creators.
Argentina's CNV has approved the trading of US ETFs, including crypto-based ones, under the CEDEAR program, ending a six-year ban.
Argentina's regulator has approved foreign investment funds including Bitcoin, Ethereum, gold, and Chinese stock indices ETFs.
