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In the face of economic turbulence, Latin American countries are increasingly turning to cryptocurrency as a perceived lifeline. South American nations are leading the charge in crypto adoption per capita, leaving behind many larger developed economies like the U.S. and the European Union (EU). Regulatory responses to crypto adoption in the region
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According to a recent report from blockchain analytics firm Chainalysis, Latin America has a distinct inclination toward centralized exchanges when compared to the rest of the world, as opposed to decentralized exchanges.Published on October 11, Chainalysis stated that Latin America has the seventh-largest crypto economy in the world, trailing closely behind
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Bitfinex, has announced that it has introduced zero-fee trading for market takers on its peer-to-peer (P2P) platform in Argentina, Colombia and Venezuela. The initiative, which will run until Dec. 31, aims to support the growing demand for crypto trading and adoption in the Latin American region. Bitfinex’s P2P platform, also known
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Match Systems, a leading firm in anti-money laundering solutions, has released a new report on cryptocurrency misuse cases in Latin America. The report reveals two significant illegal activities involving cryptocurrencies: a large-scale drug trade operation and a complex financial pyramid scheme. The report is based on the research conducted by Match Systems
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Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region.On Aug. 30, Binance said it's working with licensed transfer processing providers for its new “Send Cash” product that allows users from nine countries to transfer crypto funds
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance expands its Latin American footprint with Send Cash in nine countries, aiming to facilitate remittances and cross-border payments. Binance has extended its footprint in Latin America by introducing Send Cash— a new service offering low-cost crypto
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Global payment giant Mastercard is reportedly ending its cryptocurrency card partnership with Binance crypto exchange next month, according to a Bloomberg report. The report didn't divulge the reason for the change, but implied it might be due to increased regulatory scrutiny of the beleaguered crypto exchange.Mastercard and Binance will end
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Cryptocurrency exchange Binance will suspend its crypto debit card services in Latin America and the Middle East from Aug. 25.The crypto debit card worked like other debit cards, allowing users to pay for day-to-day goods and services. The only difference is that these cards were funded by cryptocurrency assets.The crypto
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ramp, a fintech company, announced its expansion into Brazil to accelerate crypto adoption across Latin America. Ramp expands into Latin America The company has established a local entity in the Latin American region to expand its presence and
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“This year, we are fully dedicated to establishing a strong presence in Latin America, and the reason for that is that this is a very interesting market for us,” Łukasz Anwajler, chief technology officer at Ramp, told CoinDesk, citing latest survey published by blockchain data analytics platform Chainalysis. Original Source
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