Monday, December 6

Bitcoin in Spanish: avalanche of news in Spain and mining victory in Venezuela


Bitcoin in Spanish speaking is a weekly newsletter from CriptoNoticias in which we review the most important news related to bitcoin, cryptocurrencies and blockchains in the Hispanic world.


A new week in the world of cryptocurrencies. And on this occasion, the Spanish-speaking countries were led by the news originated in Spain, where there was a false theft of bitcoins (BTC) and the adoption of payments with BTC in a major restaurant chain.

There was also a very important news in Venezuela, where the Bitcoin miners were legally victorious against the Superintendency of Crypto Assets; while in El Salvador the gains from the rise of bitcoin in the market will be invested in the education sector.

For more details on what has been happening recently with bitcoin and cryptocurrencies in Spanish-speaking countries, CriptoNoticias brings you its latest weekly newsletter:

Argentina

First stop of the week: Argentina. In the South American country, exchanges have been expanding to other territories. Only this week the arrival of Buenbit in Mexico was announced, while Letsbit announced its arrival in Colombia and Peru.

On the other hand, over the weekend it was confirmed that the Bitfarms farm in Argentina will be located in the facilities of a private power plant. The Canadian company joined forces with the Albanesi Group and will install its tens of thousands of Bitcoin miners at the Modesto Maranzana Thermoelectric Power Plant, in Córdoba.

Colombia

We land in Colombia, where the Flapz exclusive flight market will begin accepting payments with bitcoin and other cryptocurrencies. The company, which offers trips in Latin America, reached an agreement with QuickiPay, a platform that enables various payment mechanisms.

Also in Colombian territory, bitcoin exchanges had an important victory: as of next year, they will be able to have accounts in national banks. At least that is how the head of the Financial Superintendency of Colombia, Jorge Castaño, expects to happen.

The Savior

Bitcoin is already paying off for El Salvador, the first country in the world to adopt it as legal tender. This week, President Nayib Bukele announced that the earnings of the bitcoin trust – which reached a new all-time high in price – of the Central American nation will serve for the remodeling of 20 local schools.

While the country can boast of its bitcoin earnings, the government-created Chivo Wallet app continues to face problems. This week a citizen was arrested while creating a profile with the personal data of another Salvadoran to claim the $ 30 bonus in BTC that the government grants. This adds to a large number of reports of fraud with the Chivo Wallet in recent weeks.

Salvadoran arrested for falsifying Chivo Wallet accounts. Source: elsalvador.com.

Spain

We crossed to the European continent, to reach the country with the most news this week: Spain. The fever of bitcoin exchange-traded funds (ETFs) came from there by the hand of Banco Santander.

Another Spanish bank, Caixabank, celebrates the arrival of blockchains in Spain. In the opinion of the director of foreign trade and treasury Julio de la Paz, the use of a blockchain facilitates foreign trade. This is demonstrated by the participation of some 400 companies and 15 banks in the we.trade trading platform, built on the Hyperledger Fabric network. On the other hand, government representatives assure that blockchains benefit real estate registries, but could not replace the Spanish Registry.

Is the Financial Action Task Force (FATF) Cryptocurrency Regulation Guide applicable? The Spanish law firm ATH21, specialized in the world of cryptocurrencies, considers that no: countries would have to make an “overwhelming” effort to be able to comply with these regulations, the law firm stated in a document published this week.

While governments don’t stop thinking about how to regulate bitcoin, the world continues to embrace it without restraint. In Spain, 100 Montaditos were added a few days ago, which will accept BTC and other cryptocurrencies in a first pilot headquarters. To make this novelty possible, they partnered with local exchange Bit2Me.

Speaking of Bit2Me, not everything has been rosy for the Spanish startup. The exchange launched its token, B2M, last Monday, and far from being a day of joy, what was left was the setbacks.

Confusing statements, different versions of the same event and a possibly lost bitcoin fortune. The businessman Zaryn Dentzel was kidnapped, tortured and robbed in Madrid. And although he initially claimed that they had managed to steal funds in bitcoin, apparently that did not happen. Police sources claim that the confusing testimony was due to the initial state of the victim during the first statements.

Another suspicious event in Spain? Yes, the Zoe Cash token reached Spanish football. Although the token as such is not under the radar of the authorities, it does have ties to Zoe Capital, a company investigated in Paraguay.

To close the wave of news in Spain we are going to the Camp Nou, as a series of historical moments of FC Barcelona (one of the most important teams in the world with more than 120 years of history) will be converted into NFT.

coleccion-tokens-nft-futbol-club-barcelona
FC Barcelona announced a collection of NFT with historical moments of the club. Source: ownix.com.

Mexico

We return to American territory. We are going specifically to Mexico, where the fintech company Albo was fined the equivalent of about $ 500,000 for offering the purchase and sale among its services de bitcoin without having express authorization to do so.

In other news, a survey revealed how much Mexicans know about bitcoin. And although more than 75% said they knew something about the cryptocurrency, the query threw up some common errors among Mexicans, when referring to bitcoin.

Panama

Another suspicious token made headlines this week in Panama: According to the executive director of the country’s Digital and Blockchain Chamber, Rodrigo Icaza, the organization warns about the inclusion of 7even Utility Token (7UT) in one of the proposed laws that would regulate cryptocurrencies in Panama. Icaza referred to the inclusion of 7UT as “a potential scam risk.”

Paraguay

Paraguay has become a very attractive place for Bitcoin mining activity. The South American country had already attracted Bitfarms for the installation of a mining farm. Now, is another Nasdaq listed company, Future Fintech, which is evaluating that possibility.

Venezuela

One of the most important news of the week occurred in Venezuela: bitcoin miners won a legal victory in the South American country. In addition, the victory was at the cost of a defeat for the National Superintendency of Crypto Assets and Related Activities (SUNACRIP), the governing body of cryptocurrencies in the country. A court in the Venezuelan capital ruled in favor of a group of miners and determined the return of digital mining machines seized weeks ago with the protection of SUNACRIP.

Supreme court-justice-sunacrip-mineros-venezuela
Part of the decision made by the Capital District court, published by the Supreme Court of Justice. Source: Screenshot.

Last Friday, November 5, we published in CriptoNoticias an exclusive interview with the Venezuelan economist Aarón Olmos. In it, the CEO of Olmos Group talked about the FATF guidelines and regulation on the cryptocurrency industry.

Finally, Venezuelans have a new option to exchange cryptocurrencies for the local currency, the bolivar, in the Binance P2P market. The exchange now included among its exchange peers with the Venezuelan currency DASH, a highly promoted cryptocurrency in the caribbean country.

Events of the week

Among the events related to bitcoin, cryptocurrencies and blockchains in the region for this week, the following stand out in the CriptoNoticias calendar:

Monday, November 8: «Digital Currencies», organized by Web3 Latam.

Tuesday November 9: «DefiNation», Web3 Latam event.

Wednesday, November 10: «NFT’s». Organized by Web3 Latam.

Thursday, November 11: “Introductory talk to Bitcoin and Blockchain”, by the NGO Bitcoin Argentina.

Friday, November 12: «Blockchain x Social Impact», organized by Web3 Latam.

Merchants that accept cryptocurrencies in Spanish-speaking countries

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

We invite you to share the information with us through [email protected] We will report on the adoption of cryptocurrencies of that business in any of the Spanish-speaking countries.



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