Tag Archives: Latin America

Latin America, though having a smaller crypto economy than Europe and North America, experienced steady growth since the Covid-19 pandemic.

Latin America’s largest asset manager Itaú Asset Management has partnered with Galaxy Digital to offer crypto exchange-traded funds (ETFs) in Brazil. Its first offering, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), has begun to offer investors exposure to Bitcoin (BTC). It will offer other diversified ETFs later. The announcement was shared through a pressContinue reading “Brazil: Crypto-ETFs to make debut soon, but is clarity really there”

Regulatory fervor for the cryptocurrency industry has gained heightened momentum worldwide this year, as the $1.84 trillion industry makes itself more ingrained in the financial market. After reports of U.S President Joe Biden signing an executive order on crypto regulation soon started making the rounds last week, another country that has emerged as revving upContinue reading “Brazil: Senate Committee approves crypto-regulatory bill to promote growth”

The ease with which cryptocurrency ATMs allow users to buy and exchange digital assets has been one of the driving forces behind the surge in their adoption over the past year. It reportedly saw the installation of around 20,000 additional ATMs worldwide, and the trend is expected to continue growing, according to recent research. TheContinue reading “Bitcoin, crypto-ATMs, and why they might be worth over a billion in 2028”

While El Salvador might dominate the news cycle for some time, it’s vital that entrepreneurs and experts pay attention to the exploding crypto scene across Latin America. The recent Blockchain LatAm Report 2021 by Sherlock Communications revealed fascinating insights about crypto adoption and resistance in a number of booming economies. The king coin reigns Diversifying investmentContinue reading “Report reveals ‘diversifying investment’ to be top reason for choosing crypto for Latin Americans”

A hatred for remittance fees unites every level of society. Even El Salvador’s President Nayib Bukele took a dig at Western Union and other intermediaries in the run-up to the country’s Bitcoin adoption day. The Central American country’s GDP was $26.9 billion in 2019, and the remittances that year were around $6 billion. Bukele claimed thatContinue reading “Which crypto-remittance service is most likely to dominate the Latin American market”