Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, the Bolivian cryptocurrency market keeps growing after the repeal of a blanket ban, the Central Bank of Chile rejects bitcoin, and Bolivian attorneys propose implementing USDT to invigorate the Bolivian economy. […]
Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might leverage these new tools to alleviate the deficiencies of traditional […]
Bolivian Central Bank Using Chinese Yuan for International Settlements
Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is harnessing the Chinese yuan in its commercial settlements. The switch to using the Chinese currency has to do with the dollar scarcity that the country is facing, having to approve a law to sell part of its gold reserves for U.S. dollars. Bolivian Central […]