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Latest from Andrés Engler
Panamanian President Partially Vetoes Crypto Regulation Legislation
Laurentino Cortizo argued it’s necessary for the bill to comply with the recommendations of the Financial Action Task Force.
Bitso Processed $1B in Crypto Remittances Between Mexico and the US so far in 2022
The company hopes to capture 10% of global money transfers to the Latin American country by 2023, up from 4% earlier this year.
With Market Crash, El Salvador Is Down $52M on Its Bitcoin Bet
The country has made $104 million in investments in the cryptocurrency since it made bitcoin legal tender last September.
Huobi Global Acquires Latin American Crypto Exchange Bitex
The crypto exchange is seeking to expand in Latin America, but Bitex will continue to operate under the same name and with its current management team.
Top Latin American Crypto Exchange Bitso Lays Off 80 Employees
The company, which had more than 700 workers before the cuts, counts four million users in the region.
Tether Enters Latin America With Mexican Peso-Pegged Stablecoin
The country’s multibillion-dollar remittances business and difficulties in transferring money create a “unique opportunity," the company said.
Portuguese Congress Rejects Two Bills Seeking to Tax Crypto
The proposals were submitted by two leftist parties. The government, which also seeks to apply taxes, hasn’t submitted a proposal so far.
Paraguayan Bill Regulating Crypto Mining and Trading Moves Closer to Law
The legislation was approved with modifications in the country’s Chamber of Deputies and will now return to the Senate, which had passed it in December.
Argentinian Crypto Exchange Buenbit Cuts 45% of Staff Due to Tech Industry Downturn
The company will focus on its current operations in Argentina, Mexico and Peru, and freeze previous plans to expand into other countries.
Panama President May Veto Crypto Regulation Legislation
The bill was approved by the country's legislature in April.