4 Hispanic countries already have bitcoin exchanges without KYC with Mostro

Communities of bitcoin (BTC) enthusiasts in four Spanish-speaking countries already experience the freedom to exchange their BTC for fiat money directly, without intermediaries and without identity verification.

These are Cuba, Colombia, Spain and Bolivia, countries that moved towards financial sovereignty by implementing their own nodes in the Mostro protocol, reported that platform on X this Monday, April 6.

Mostro, developed by Venezuelan programmer Francisco Calderón, makes it easier for these regions to have local person-to-person (P2P) exchange platforms, operating in a decentralized manner and guaranteeing user privacy of bitcoin by dispensing with mandatory registrations.

The deployment of this proprietary infrastructure responds to a growing search for autonomy within the digital asset ecosystem. By using Mostro, a protocol built on Nostr, these communities manage to establish marketplaces where the buying and selling of bitcoin is done without know-your-customer (KYC) processes, a common barrier on centralized platforms which usually require identity documents and sensitive data.

The implementation of these nodes not only strengthens privacy, but also offers a sustainability model for those who maintain the network. The community manages the Mostro node and sets its own operating rules, ensuring that no personal information is requested from users. Besides, Administrators receive commissions for each transaction executed successfully, with technical support for the configuration of the local instance.

Screenshot of Mostro's post on X.Screenshot of the Mostro post in X.
Four Hispanic communities already have their own P2P bitcoin exchange. Source: @MostroP2P – X.

CriptoNoticias has reported that, relying on Mostro’s “trusted nodes” program, in Cuba the Cuba Bitcoin community activated the node called Kmbalache, a tool that allows the exchange of the digital asset even in conditions of low connectivity; For its part, in Colombia the ColombiaP2P group has established itself as the second organization in South America to launch its sovereign instance under this protocol.

In the case of Bolivia, the organization BtcxBolivia presented the MostroBoliviano, highlighting that it is an advance towards the exchange of real bitcoin, without permissions or custody of third parties; and in Spain, the local community has also joined this network of reliable nodes, reinforcing the presence of this technology on the European continent.

Unlike traditional exchanges, where a company holds the funds and data, the model proposed by Mostro makes it easier for the exchange to occur directly between the parties. The local infrastructure acts solely as a technological bridge that ensures the fulfillment of operations through a system of guarantee deposits.

The adoption of these nodes in the Hispanic world marks a milestone in the decentralization of bitcoin commerce. By removing KYC barriers and allowing communities to monetize their own infrastructure, network resilience is strengthened and regional financial autonomy is promoted that depends less on traditional financial entities and more on direct collaboration between peers.

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