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For the first time in history, the price of one Bitcoin exceeded 11 million yen in Japan, while prices also peaked in terms of the Argentinean and the Philippines peso. Go to Source
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces flare gas-powered bitcoin mining site in Argentina. Argentine Authorities Crack Down on $1.25 Million … Read more
The detainment of two Chinese and one Argentine national involved in a $1.25 million crypto investment scam led to the discovery of a $100 million operation in Argentina. According to local reports, the investigation resulted in the raid of a supermarket that was used as a facade for conducting illegal cryptocurrency mining operations, with dozens … Read more
Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin … Read more
Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the Milken Institute Forum, an event that gathers important entrepreneurs, bankers, CEOs, and investment funds. … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme … Read more
A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill … Read more
The Argentine Chamber of Deputies passed a series of cryptocurrency tax opportunities for citizens holding undeclared assets in foreign countries as part of reintroducing the “Omnibus law.” The bill, which was dropped in February, has now been reintroduced and approved by the lower house and is expected to be discussed by the Senate in the … Read more
Worldcoin, the digital biometric identification project, has rejected the claims made by Buenos Aires regarding possible infringements of customer protection laws. The organization told local sources that it answered Buenos Aires’ requirements since January to show the transparency it exercises in its operations. Worldcoin might face a deeper investigation if a local proposal gets approved. … Read more
Worldcoin, the biometric iris scanning digital ID organization, is being accused by the government of Buenos Aires of several transgressions, including contradictions regarding the treatment of users’ digital information. Buenos Aires considers that the company exposes users to several unfair clauses, including those describing the possible interruption of the service. Worldcoin Faces Over $1 Million … Read more
