Monday, December 6

Bitcoin in Spanish: bitcoiner city in El Salvador and digital currency in Peru


Key facts:
  • El Salvador will build Bitcoin City, announced President Nayib Bukele.

  • Peru is already preparing its own central bank digital currency (CBDC).

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.


Do not be fooled. Last week, all the eyes of the bitcoiners in the world were on El Salvador. The so-called Bitcoin week captured the attention with two major events (LaBitConf and Adopting Bitcoin), important announcements and all kinds of news related to the adoption of cryptocurrency in the Central American country.

Although most of the news of the week came from El Salvador, other relevant events emerged in countries such as Argentina, Costa Rica, Mexico, Peru and Venezuela.

Next, we invite you to read the weekly summary of CriptoNoticias, with information of interest for bitcoin (BTC), cryptocurrencies and blockchains in Spanish-speaking countries:

Argentina

The journey begins once again in Argentina, where the government approved a new tax that would affect bitcoin exchanges, the so-called “check tax”. The new taxation would push Argentines into the informal market, as assessed by the Argentine Fintech Chamber.

Meanwhile, in the South American country alarms go off before the proliferation of Ponzi schemes or pyramid schemes. The alert that we review in this newspaper was issued by the NGO Bitcoin Argentina, although various local media mention the presence of these scams in areas such as Mendoza, Córdoba, Tucumán, Catamarca and La Rioja.

On a curious note, we meet the elected deputy Javier Milei, who announced the launch of his second collection of non-fungible or NFT tokens.

Costa Rica

In Costa Rica, a tax storm is also brewing on bitcoin operations. At least, that is what the General Directorate of Taxation wants to achieve, with a proposal that includes a 13% tax for the purchase of cryptocurrencies and another of 15% on the profits on the sales of these digital assets.

The Savior

All eyes were on El Salvador. And the Central American country did not disappoint. CriptoNoticias, present on the site, devoted extensive coverage of the events. We talk to people from the moment we arrive, we cover Adopting Bitcoin and there was even time to evaluate the role of President Nayib Bukele and the adoption of cryptocurrency in the country.

Among the most outstanding news that emerged during the week, highlights Bukele’s Announcement: There Are Plans To Build Bitcoin City, the first bitcoiner city, where it is assumed that there will be no taxes beyond VAT and will be financed with BTC-backed bonds. Bukele himself said that his country aspires to become a thriving economy in the region and fulfill a role similar to that of Singapore in Asia.

During the week, interest in tourism was expressed by European investors. Also the geothermal plant dedicated to Bitcoin mining was connected to a Blockstream satellite system and Bitrefill announced that Salvadorans will be able to pay for services through its platform.

In addition to Adopting Bitcoin, The ninth edition of LaBitConf was also held in San Salvador, one of the most important bitcoin conferences in Latin America. There, dozens of panels were debated on topics such as the adoption of bitcoin in other countries, the possibility of coexistence between banks and Bitcoin, or the opportunities that cryptocurrency brings to a nation like El Salvador.

With panelists specialized in the world of cryptocurrencies, they also spoke about the potential race for the accumulation of bitcoin between governments, financial sovereignty, the future of the dollar and the foundations of a new universal financial system.

Mexico

Leaving aside the overwhelming wave of Salvadoran news, we move on to Mexico, where the Bitso exchange announced a tool for sending remittances from the United States. To do this, the Mexican company partnered with Circle, issuer of the stablecoin USD Coin (USDC).

Also this week, the arrival of Mexican soccer fan tokens, from the hand of two teams (Atlas FC and Club Santos Laguna) and the Socios.com platform.

Peru

Far from taking the example of El Salvador, Peru dodges bitcoin and goes for its own central bank digital currency (CBDC). Julio Velarde, president of the Central Bank of Peru, acknowledged earlier this week that the institution is already working on this project.

Venezuela

We close the regional tour with a curious note from Venezuela, where a candidate for governor in the local elections included among his promises the creation of scholarships for the game Axie Infinity. The candidate, Alejandro Terán, won the elections and we have to wait to see if this project sees the light of day in the South American country.

The candidate for the United Socialist Party of Venezuela (PSUV) declared himself a believer
in the digital economy. Source: Instagram.

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 22: «Digital currencies», organized by Web3 Latam.
  • Tuesday, November 23: “DeFi Nation”, an event organized by Web3 Latam.
  • Wednesday, November 24: «NFT’s». Organized by web3 Latam.
  • Thursday November 25: “Blockchain x Social Impact”, 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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