Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, El Salvador could make a gold-to-bitcoin power trade, Argentina opens up to foreign crypto ETF opportunities, and Brazil might scale back its stablecoin self-custody ban provision. El Salvador Discovers $ …
.Ron Paul, former presidential candidate and soon-to-be-appointed advisor to Elon Musk’s D.O.G.E., has called for the elimination of foreign aid, labeling it as immoral and unconstitutional. Vivek Ramaswamy, co-head of the department, agreed with Ron’s ideas, stating that it represents “a waste of taxpayer dollars.” D.O.G.E Advisor Ron Paul Rails Against Foreign Aid Initiatives, Calls […]
Argentina is opening its stock market to crypto exchange-traded fund (ETF) opportunities. The Argentine SEC equivalent greenlighted the introduction of prospects to allow investments in crypto—bitcoin and ethereum—foreign ETFs under the figure of Argentine deposit certificates. Argentina Opens Its Stock Market to Foreign Crypto ETF Opportunities Argentina is opening its doors to more investment options […]
The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require exchanges dealing in stablecoins to obtain two different operating licenses: one as a […]
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete payments. Chinese banks now require documentation confirming that goods will be sent directly […]