Paraguay regulates mining and Salinas Bleigo criticizes central banks

Bitcoin in Spanish is CriptoNoticias’ weekly newsletter where we review the most important facts related to Bitcoin, cryptocurrency and blockchain in the Spanish world.


Information about Paraguay’s ecosystem was among the highlights of the week.

Approval in Congress of a bill that Sets rules for bitcoin mining In the South American country, it is a fact that highlights the progress made in Latin America in terms of regulation.

Meanwhile, they met elsewhere in the region The controversial statements of Mexican businessman Ricardo Salinas Bellego, who attacked central banks. The self-proclaimed Bitcoin has strongly questioned the policies of the European Central Bank and the US Federal Reserve.

To go to the news details of each Spanish-speaking country, over the past week, we leave you with the latest news Bitcoin in Spanish.

Argentina

This week, National Representative Gerardo Melman, of Together for Change, introduced a bill proposing to remove the two zeros from the peso.

If this project is approved, 100 Argentine pesos would be equivalent to 1 pesos, a measure that would demonstrate the continued devaluation of the Argentine monetary system and that inflation is out of control.

show initiative Similar to the one taken in the middle of last year in Venezuela, When they removed six zeros from their currency, the bolivar. Something that undoubtedly highlights the economic decline of both countries, as the use of cryptocurrencies to protect against inflation and currency devaluation appears.

The table shows the monthly inflation record of the peso from 2011 to 2022
The sharp depreciation of the peso over time makes Argentines turn to stablecoins and bitcoin to save money. Source: Estudiodelamo.

Huobi, one of the world’s leading bitcoin and cryptocurrency exchanges, has acquired the Bitex exchange from Argentina, which also has a presence in Chile, Paraguay and Uruguay.

The information was disclosed by the two companies through a press release stating that the company is seeking to expand its presence in a rapidly growing region. Thus they highlight the potential of the Latin American market for its high levels of cryptocurrency adoption.

They explained that Bitex will retain its branding and will continue to be managed independently by its current team.

Meanwhile, Matias Dajecs, Vice President of Select at the Argentine Ripio Stock Exchange, presented his new media platform to major investors from Argentina, Brazil, Uruguay, Colombia, Mexico, the United States and Spain.

The meeting served to discuss how the company is experiencing the current bear market. Various members of the team spoke of a significant increase in companies and major investors Interested in cryptocurrency trading, despite the low prices.

This is due, they explained, to the fact that they view the withdrawal as an investment opportunity, savings or facilitation of certain payments.

Colombia

The May 29 presidential election in Colombia left two winners: Gustavo Petro and Rodolfo Hernandez, who They will meet for a second round in June.

CriptoNoticias reviewed the position of both candidates regarding cryptocurrencies. In previous statements to the media, the two candidates have stated their views on digital assets.

Thus, while Petro believes that Bitcoin could power a new world out of Colombia, Hernandez prefers not to talk about an asset that is losing value according to him.

savior

The University of Francisco Gavidia (UFG), a private university based in San Salvador, conducted a survey to find out what the citizens of that country think about the use of bitcoin as a payment method.

The results show that from Ten Salvadorans, six who oppose the decision of the Najib government Watch To use bitcoin as a second national currency.

The results also indicate that the responses of the Salvadoran people to the survey It largely depends on age and education level. It was people over the age of 65 and those with a lower level of education who claimed “don’t know exactly what bitcoin is” and who mostly spoke out against its adoption.

Mexico

Tether Operations Limited, the issuer of the USD (USDT) tether stablecoin, Announcing the launch From a digital currency tied to the value of the Mexican peso.

Through a statement, the company clarified that the new token – defined as MXNT – It will maintain parity with the national currency of Mexicoa country from which “the flow of remittances in the millions of dollars” stands out.

Tether believes that this fact, combined with a series of difficulties involved in money transfers, has created a unique opportunity for the use and adoption of stablecoins.

MXNT will have support in three blockchain networks: Ethereum and Tron y Polygon. The stablecoin joins Tether’s offering of fiat par currency, which in addition to its dollar version (USDT) has one currency pegged to the Euro (EURT) and one to the Chinese yuan (CNHT).

In this context, the Mexican billionaire Ricardo Salinas Plego, Criticize Against central banks and their managers.

«Christine Lagarde, of the European Central Bank, is a fraud, she is a thief and it must be said, because under her management Purchasing power is forfeited Of all Europeans, ”the businessman criticized.

He thinks the same with Jerome Powell, the head of the US Federal Reserve, who called him a “crook” because “in the past two years, he’s made twice as much money as he’s been circulating.”

The central bankers were criticized by Salinas Pliego after referring to inflation and its consequences.

Ricardo Salinas Bellego (photo) shows that it is the country that benefits the most from inflation. Source: screenshot / Roberto MTZ / YouTube.

Panama

Towerbank, one of the 30 largest financial institutions in Panama, has declared itself a “friendly bank” with bitcoin.

Their representatives invite bitcoins To open their accounts in the entity. They promise that they will not experience the snags, shutdowns, or other setbacks that Panamanian citizens usually report from banks when they operate with cryptocurrency.

Towerbank’s Vice President of Product, Gabriel Kampa, confirmed that Towerbank Studying the Bitcoin ecosystem. “We hope we will soon have something to offer our customers,” he said during the meeting, which was attended by about 50 people. As part of the study, the bank launched its account friendly encryption To have an approach with cryptocurrency users.

Paraguay

The bill regulating Bitcoin mining in Paraguay was approved on May 25 by the House of Representatives.

regulations that He seeks to benefit from surplus energy The South American country for Bitcoin mining, was already approved last December by the Senate. Now it is moving forward after being discussed in plenary, as stated by Paraguay Deputy Carlos Regala.

The bill sets the grounds To regulate cryptocurrency tradingcustody and management of digital assets, especially bitcoin mining, on an industrial scale.

Juanjo Benitez said that with the industrialization of Bitcoin mining in Paraguay, the business will be boosted to grow in a healthy environment for all. Source: YouTube / Disruptive Mining.

The document suggests that miners, whether individuals or legal entities, request permission to consume industrial electricity and then choose the license.

According to a group of miners consulted by CriptoNoticias, if the law is enacted, it will boost bitcoin mining on a large scale and It will put Paraguay on the map as a supplier of cheap energy To mine cryptocurrency.

Venezuela

Venezuela’s National Supervisory Authority for Cryptoactives (Sunacrip) has taken a new step to regulate the use of cryptocurrency exchanges, wallet providers and P2P platforms.

According to Resolution 054 published on the agency’s website, the above-mentioned platforms operate without regulation They must collect and share the personal data of their customers.

The goal is to comply with the recommendations of the International Financial Action Task Force (FATF), related to combating money laundering, terrorist financing and the proliferation of weapons of mass destruction, through the use of cryptocurrencies.

It is worth noting that Providence Snackrip It has not been published in the Official Gazette, which means, in theory, that it should not be applied rigorously. However, it is important for Venezuelan users to be aware of their observations.

The order was issued by Sunacrip to comply with the International Financial Action Task Force (FATF). Source: sunacrip.

On the other hand, investment researcher and Bitcoin enthusiast Lynn Alden, co-founder of the Bitcoin-backed lending platform, Leiden, said: He said on Twitter The story of Mauricio de Bartolomeo.

it’s about A Venezuelan managed to immigrate from his country to Canada thanks to Bitcoin. Something he warns he couldn’t have done with paper money (like bolivars or dollars), gold, stocks, or real estate.

He explained that Mauricio mined bitcoin and kept the proceeds kept in Venezuela. This decision allowed him to keep the value of his money in a portable way that is resistant to confiscation and self-imprisonment.

Week events

Among the events related to Bitcoin, cryptocurrency, and blockchain in the region for this week, the following stand out on the CriptoNoticias calendar:

Thursday 2 JuneBroadcast of the webinar “Introductory Discussion on Bitcoin and Blockchain 2022”, organized by the NGO Bitcoin Argentina.

Companies that accept cryptocurrency in Spanish-speaking countries

  • SOCIETYFARM (pharmacy in Arequipa, Peru)
  • Neco Boutique Hotel (San Bernardo del Toyo, Buenos Aires Province, Argentina)
  • Video Marketing Agency (store in Chile)
  • Delicias De Ceci Parrilladas (Restaurant, Salinas, Ecuador)
  • Destinations Tours Travel & Ecotourism (Travel Agency, Colombia)
  • JAM Services (Maxikiosko in Misiones, Argentina)
  • Taquería Cinco La del Centro (Restaurant, Veracruz, Mexico)
  • Intuixion (a clothing store in Caracas, Venezuela)
  • Monkey Kongo (coffee in Dominical, Costa Rica)
  • Pharmal (pharmacy in Dominical, Costa Rica)
  • La Setentaycrepes (restaurant in Bogota, Colombia)

Do you know or have a small business that accepts bitcoin and other cryptocurrencies for their products and services?

We invite you to share information with us through [email protected] We will report the adoption of cryptocurrencies for this work in some Spanish-speaking countries.


 

 

 

 

 

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