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South America

BTG Pactual Exec on El Salvador’s First Year of Bitcoin Adoption
Video
Cdtv
BTG Pactual Exec on El Salvador’s First Year of Bitcoin Adoption
BTG Pactual’s Head of Digital Assets Andre Portilho joins “First Mover” to discuss crypto market growth in South America, citing El Salvador’s one-year anniversary of adopting...
BTG Pactual Exec on El Salvador’s First Year of Bitcoin Adoption
By CoinDesk Staff
Sep 9, 2022 at 5:59 p.m. UTC
Sep 9, 2022
cdtvFM ClipEl SalvadorAndre PortilhoBTG PactualSouth Americacrypto marketsPresident Bukele
Paraguayan President Mario Abdo Benitez (Mario Tama/Getty Images)
Policy
South america
Paraguay’s President Vetoes Bill That Would Regulate Crypto Mining and Trading
The bill now heads back to Paraguay’s National Congress, where if it is ratified by both chambers with absolute majorities, it can still be enacted.
Paraguayan President Mario Abdo Benitez (Mario Tama/Getty Images)
By Andrés Engler
Aug 31, 2022 at 3:09 p.m. UTC
Aug 31, 2022
South AmericaMiningMining FarmsLegislation
The Koibanx team (Koibanx)
Finance
Algorand
Blockchain Protocol Algorand Leads $22M Investment Round in Tokenization Firm Koibanx
The funds will be used by the Latin American firm to expand infrastructure and build payment rails.
The Koibanx team (Koibanx)
By Andrés Engler
Aug 18, 2022 at 7:03 p.m. UTC
Aug 18, 2022
AlgorandTokenizationSouth AmericaFundraising
Colombian flag (Flavia Carpio/Unsplash)
Policy
Colombia
Colombia Explores Creating a CBDC to Combat Tax Evasion
As part of a tax reform program, the government of the South American country also plans to impose limits on cash transactions.
Colombian flag (Flavia Carpio/Unsplash)
By Andrés Engler
Aug 17, 2022 at 3:34 p.m. UTC
Aug 17, 2022
ColombiaCBDCSouth America
(Marina Lammertyn/CoinDesk)
Finance
Argentina
Argentina Ethereum Conference Highlights Crypto’s Growing Reach in the Country
The country continues to serve as a hotbed of crypto innovation even as it faces its latest financial crisis. ETHLatam drew more than 4,000 people.
(Marina Lammertyn/CoinDesk)
By Andrés EnglerMarina Lammertyn
Aug 16, 2022 at 2:00 p.m. UTC
Aug 16, 2022
ArgentinaEthereumSouth America
Mercado Libre plans crypto expansion across Latin America. (Ministerio de Economía Gobierno de Chile)
Finance
Mercadolibre
Mercado Libre to Expand Crypto Trading Across Latin America
The company’s Mercado Pago digital wallet began allowing crypto buys and sells in Brazil in December, and quickly nabbed 1 million users.
Mercado Libre plans crypto expansion across Latin America. (Ministerio de Economía Gobierno de Chile)
By Andrés Engler
Aug 9, 2022 at 7:09 p.m. UTC
Aug 9, 2022
MercadoLibreBitcoinBrazilSouth America
Paraguay wants to charge higher electricity rates for crypto miners. (Eliza Gkritsi/CoinDesk)
Policy
Electricity
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
The legislature last month approved a bill regulating crypto mining and trading in the country.
Paraguay wants to charge higher electricity rates for crypto miners. (Eliza Gkritsi/CoinDesk)
By Andrés Engler
Aug 4, 2022 at 8:05 p.m. UTC
Aug 4, 2022
ElectricitySouth AmericaCongressMining
Paraguay has abundant energy to attract miners. (Alex Steffler/Wikimedia)
Finance
Bitcoin mining
Commons Foundation Signs 100MW Deal for Crypto Mining in Paraguay
The South American country with abundant hydropower wants to attract bitcoin miners.
Paraguay has abundant energy to attract miners. (Alex Steffler/Wikimedia)
By Eliza Gkritsi
Jul 21, 2022 at 4:40 p.m. UTC
Jul 21, 2022
Bitcoin MiningMiningMining CentersRenewable EnergySouth America
Leif Ferreira, Bit2Me CEO, and Luis Eduardo Berrospi, Fluyez CEO. (Bit2Me)
Finance
Acquisitions
Spanish Exchange Bit2Me Buys Peruvian Crypto Exchange, Eyes Targets in Latin America
Following the acquisition of a majority stake in Fluyez, the company is looking for purchasing opportunities in Chile, Colombia and Uruguay.
Leif Ferreira, Bit2Me CEO, and Luis Eduardo Berrospi, Fluyez CEO. (Bit2Me)
By Andrés Engler
Jul 21, 2022 at 6:00 a.m. UTC
Jul 21, 2022
AcquisitionsSouth AmericaSpain