In bolivars, only the equivalent of 3.24 billion dollars circulates, estimates say. The dollars circulating in Venezuela are stagnant because dollarization is informal. In Venezuela, the circulation of US dollars in cash doubled that of bolivars, the local currency. According to the most recent study by the socioeconomic analysis firm Ecoanalítico, in November of this … Read more
The financial entity will be able to finance projects through the tokenization of assets. The president of the CNAD, Juan Carlos Reyes, values the incorporation of the bank to the registry. The National Digital Assets Commission (CNAD) of El Salvador included Banco Atlántida, a financial entity with more than $3.6 billion in assets, in its … Read more
Keizer believes that bitcoin will soon accelerate the loss of value of the gold metal. The accelerated adoption of bitcoin increasingly challenges the gold market. President Nayib Bukele’s decision to accumulate bitcoin (BTC) and gold, as treasures of El Salvador, has sparked an intense debate in the community that revolves around cryptocurrencies. Max Keiser’s advice … Read more
The previous rule forced miners to pay taxes, affecting their activity. Now ARCA will review the measure and in the meantime there will be no taxes for certain activities. The government of Javier Milei today repealed the General Resolution of the Customs Collection and Control Agency (ARCA) that imposed new taxes on activities and operations … Read more
This Wednesday, the NGO Bitcoin Argentina issued a statement against the project of the National Securities Commission (CNV) to create a registry of digital asset service providers (PSAV). The NGO argues that this registry introduces “distortions and inefficiencies” in the market. According to the NGO, the registry poses “great risks.” How the new regulation could … Read more
Gone are the days when Buenos Aires users could only pay for the subway with the SUBE card, the rechargeable system used for transportation in Argentina. Starting this week, citizens will be able to access a platform that allows paying with debit and credit cards, and that opens the possibility of paying with bitcoin or … Read more
Investment firm VanEck praised Bukele’s bitcoiner tactics in El Salvador. MicroStrategy’s Bitcoin Accumulation Strategy Is Key, But Is It Sustainable? The Bitcoin market is at a crucial moment with the $100,000 barrier about to be surpassed. However, strong sales slowed its advance, despite bullish projections that point to even higher prices in the future. Expectations … Read more
The exchange has demonstrated “resilience” by surviving in a hostile financial environment. Cryptocurrencies in Chile are used for remittances, electronic commerce and technological services. Chile’s Fintech Law, which has been in force for almost two years, has been a significant advance regarding the regulation of bitcoin (BTC) and cryptocurrencies in that country. However, that standard … Read more
50 million ounces of gold await the country to reverse the law that prohibits metal mining. Bukele’s bitcoin strategy is already giving strong signs that it is working. The president of El Salvador, Nayib Bukele, is determined to continue diversifying the national treasury after he revealed, in March of this year, the address of a … Read more
The bank estimates the number of Bolivian cryptocurrency users at 252,000. Cryptoasset purchase and sale operations increased by 112%, says the bank. The Central Bank of Bolivia (BCB) reported this week about the significant increase in the use of cryptocurrencies in the country. According to the report, more than 252,000 people own virtual assets in … Read more