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Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg's Meta Ambitions + More News
26.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg's Meta Ambitions + More News
Tether Enters Latin America With Mexican Peso-Pegged Stablecoin
26.5.2022
The country’s multi-billion remittances business and difficulties in transferring money create an “unique opportunity,” the company said
Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon
26.5.2022
The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region
Central Bank of Chile Studies Issuance of a Digital Currency
14.5.2022
The Central Bank of Chile revealed it is studying how to issue a national digital currency, the digital peso. The bank issued a report titled “Issuance of a Central Bank Digital Currency in Chile,” where it explores the possibility of the creation of a central bank digital currency...
Chile puts CBDC plans on hold until end of 2022 to undertake more analysis
12.5.2022
Chile’s planned start to its digital peso rollout in early 2022 has been held back while its central bank conducts more analysis to inform a new report by the end of the year
Chilean Digital Peso Would Need to Work Offline, Central Bank Governor Says
10.5.2022
Design principles are due out later this week, though no final decision has been taken on the digital peso
Argentinian Government Advances the Creation of a National CBDC
30.4.2022
The Argentinian government has taken the first steps in the launch of its own central bank digital currency (CBDC). A new decree identified the number 207/2022 gives new faculties to the Argentinian mint to involve in the investigation, development, and issuance of digital currencies. This puts...
Digital Peso to Be Launched in Three Years According to Governor of Banxico
23.4.2022
Banxico, the Central Bank of Mexico, has announced it expects the development of its central bank digital currency (CBDC), the digital peso, to be completed in about three years. Victoria Rodríguez Ceja, the governor of Banxico, reported this before the Mexican Senate and added that the...
Argentina-Based Mobile Wallet App Belo Adds Lightning Network Support via Opennode
11.1.2022
On Monday, January 10, the Argentina-based mobile wallet company Belo announced that the platform has added support for the Lightning Network by partnering with the bitcoin payment processor and infrastructure provider Opennode. The mobile application allows users to trade and transact in pesos...
Chilean Peso stablecoin goes live on Stellar Network
12.8.2021
Chilean Peso-pegged stablecoin CLPX launched on Stellar this week, and is hoping to gain traction in the remittance and copper markets
Blockchain Platform to Set up a Tokenization Solution for Argentinean Farmers as Peso Keeps Plummeting
28.1.2021
With Argentineans facing rising inflation to near 40%, solutions appear to contain the impact on national farmers. A business blockchain platform is partnering with a peer-to-peer (P2P) marketplace to launch a program to tokenize Argentina’s agriculture. More Than 40% of the World’s...
Mexico May Be Forced to Issue Digital Peso, Claims Economist
13.1.2021
The Central Bank of Mexico (known locally as Bexico) could be driven to issue a central bank digital currency (CBDC) – whether it likes it or not, said a financial expert.
The comments came from Mexico-based Sergio Kurczyn, a senior economist at Citigroup subsidiary CitiBanamex. Speaking...
Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’
4.1.2021
Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive. He argues that cryptos can either be important inflation hedging tools or useful forms of payment but not both. The Regulation Threat The professor...
Philippines Central Bank Governor: No Digital Peso Before 2023
22.10.2020
The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023
P2P Bitcoin Trading Drops in Argentina Amid Torrid Times for Fiat Peso
9.10.2020
Source: Adobe/Rochu_2008
The bitcoin (BTC) boom in Argentina appears to have hit a bump in the road, with peer-to-peer (P2P) BTC volumes dropping in Argentina in the past few weeks – despite a wretched month for the Argentinian peso.
As previously reported, 2020 has been a breakthrough year...
Argentina’s Peso Plunges After Central Bank Tightens Foreign Exchange Controls: Citizens Discuss Bitcoin Adoption
18.9.2020
The Argentine peso plunged by more than 10% shortly after the country’s central bank announced measures to tighten controls on the movement of foreign currency. The peso, which is officially pegged at 72 for every USD, touched new lows of 145 to the greenback on the black market. The latest...
$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks
9.7.2020
Crisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in the past week, a new high for the country. According to a report by Vorem, this figure is nearly double the previous high of $0.96 million recorded in the last week of June. Citizens who have...
Bitcoin-powered Alternative to Five Peso Note Issued in Argentina
4.3.2020
Argentina has phased out its popular five peso note – but a cryptocurrency company has issued something of a digital replacement – in the form of a commemorative coin with a value redeemable in bitcoin (BTC).
Per TyN Magazine, the five peso bill featured a portrait of the 19th-century historical...
How to Buy Bitcoin in the Philippines
7.2.2020
The Philippines has many places you can buy bitcoin from. Not only has the Bangko Sentral ng Pilipinas licensed some cryptocurrency exchanges, but there are also peer-to-peer marketplaces, bitcoin ATMs, and other services to help you. This guide will show you where and how to buy bitcoin in...
Backfire in Argentina: Citizens Want BTC Over Peso Amid USD Crackdown
21.11.2019
Following the crackdown on Forex by the Argentine government, the volume of P2P crypto trading has risen to an all-time high in the country