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Latam Insights — Steve Hanke Advocates Dollarization in Argentina, Bitcoin City Plans Unclear in El Salvador, Sunacrip Implicated in Venezuela Layoffs – Bitcoin News

boss Bitcoin News, News

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, economist Steve Hanke calls to dollarize Argentina, Bitcoin City plans are still not formalized in El Salvador, and Venezuelan crypto watchdog Sunacrip is allegedly involved

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Argentina Debates Dollarization in the Midst of Rampant Devaluation and Inflation – Economics Bitcoin News

boss Exchanges, News

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina

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India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Economics Bitcoin News

boss Exchanges, News

India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization

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Digital yuan will combat US ‘dollarization’ says former PBoC governor

boss Cryptocurrency Market, News

China’s digital currency approach will favor its domestic retail system and prevent the dollarization of the economy according to one former senior official.Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC), told attendees at a Eurasia Forum conference on Oct.

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