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Argentina has become the country where World, the biometric ID project, is most popular, with over 2.2 million registered users despite backlash from authorities. The company plans to expand its footprint in the country by implementing home-based iris scanning options next year. Argentina Becomes World’s No. 1 Nation Amidst Criticism World, the proof of personhood … Read more
Deep Chainsaw, the name given to President Milei’s plan to trim the bureaucratic excesses in state institutions, recently reached a milestone in savings for the country. Milei celebrated that the program eliminated over 33,000 job positions. Argentina’s Minister of State Transformation and Deregulation, Federico Sturzenegger, had reported this previously, stating that “the only sustainable way … Read more
The Central Bank of Argentina has opened its doors to host a cryptocurrency-themed art exhibition for the first time. The show, titled “Art, Artificial Intelligence and the Future of the Economy,” includes a series of bitcoin mining machines, several spheres that display ether and bitcoin prices, and another sphere filled with destroyed physical money. Alberto … Read more
President Javier Milei has taken yet another step in reducing the size of the state. Through the President’s Office X account, Milei revealed that he would axe AFIP, the current tax enforcer in Argentina, replacing it with a simpler, smaller agency, eliminating over a third of the institution’s current structural organization. President Javier Milei Announces … Read more
Residents of the Argentine capital now have access to decentralized digital IDs on their mobile devices, powered by the scaling protocol ZKsync Era. Go to Source
Cryptocurrency industry members in Argentina expressed their opinions regarding a new draft that proposes restrictions on the operation of crypto institutions in the country. If the draft is approved, each institution will register with a minimum capital amount to operate on Argentine soil. Argentina Submits Draft for VASP Rules to Public Consultation Argentina is innovating … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve legal status in Argentina. Brazil Pushes BRICS to Shift From … Read more
Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one. They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use as payment in commercial contracts in the country. Smart Contracts Reach Legally Enforceable … Read more
A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic turmoil the nation is facing. Chainalisis Latam Report: Argentina Beats Brazil, Venezuela’s … Read more
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%. Go to Source
