Digital assets can represent economic salvation for some and a path to ruin for others. Nevertheless, crypto adoption continues to increase in Latin America and Central America, while regulations are tightening in Europe, Asia, and Australia.

Recent reports indicate that some 270 cryptocurrency companies have applied to operate in El Salvador. This has been confirmed by Juan Carlos Reyes, president of the National Digital Assets Commission.

On the other hand, in Venezuela, which is undergoing political and economic change following the US intervention in January, a new boost in cryptocurrency mining is expected thanks to new OFAC licenses in the energy sector and Donald Trump’s decision to ease sanctions on the national electricity system.

Colombia, meanwhile, is finalizing the details of a cryptocurrency law, although without the participation of the industrial sector. At the same time, the banking sector is analyzing issues such as tokenization and digital assets.

Argentina is moving towards openness, with cryptocurrency adoption around 20 % and Jair Milei’s government authorizing traditional banks to offer digital asset services to their clients.

Stricter regulations and prevention of cryptocurrency crime

In Europe, Spain has tightened regulations. In this regard, the Spanish Tax Agency is now holding a public consultation on the new tax forms (042, 172, 175) for declaring cryptocurrencies, in order to comply with the regional regulation DAC8, from January of this year. The measure strengthens control over balances and transactions, as well as requiring platforms to automatically report them.

In Australia, on the other hand, crypto adoption is among the highest, at 23 % of the total. And although trading is entirely legal, in 2025 the Australian Senate passed the Companies Amendment Bill (Digital Asset Framework), which requires exchanges to hold a financial services license to protect users. Furthermore, the Australian Taxation Office (ATO) levies taxes on capital gains.

Asia maintains a strong stance in favor of strict regulatory compliance in countries such as China, Japan, South Korea, Thailand, Uzbekistan, and even Russia. Throughout the region, anti-money laundering regulations are rigorous, and penalties for violating domestic laws are severe.

M.Pino

With information from cryptocurrency media outlets

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La entrada Cryptocurrency market booms in Latin America and faces regulations in Europe apareció primero en Bitfinance.

El Salvador should have closed 2025 with an economic growth rate of 4 %, instead of the 2.6 % projected by the International Monetary Fund.

The Central American nation, governed by Nayib Bukele, is projected to have achieved this strong economic growth thanks to accelerated GDP growth driven by a boom in domestic and foreign investment.

El Salvador, International Monetary Fund, Nayib Bukele, is said to have experienced this strong economic growth thanks to accelerating GDP growth fueled by a boom in domestic and foreign investment. President Bukele “had managed to transform this economy into one of the safest places in the Americas. Now, after several years of mediocre economic growth, given the country’s level of development (middle-income economies typically grow at high rates), activity is beginning to take off with a force that has surprised even the International Monetary Fund (IMF).”

The organization has expressed surprise at this growth, noting: “The economy is expanding at a faster pace than anticipated, thanks to increased confidence, record remittances, and robust investment.”

In this regard, it is important to highlight the impact of the investment that is expanding rapidly thanks to the stability prevailing in the country, “the legal and civil security that the country has achieved in recent years.”

M.Pino

Source: eleconomista

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La entrada El Salvador’s economy could have grown 4 % by the end of 2025 apareció primero en Bitfinance.

The Organization for Economic Cooperation and Development (OECD) forecasts Costa Rica’s Gross Domestic Product growth of 3.8% this year.

The international organization presented the data last Tuesday through the OECD Economic Surveys: Costa Rica 2025 report, which shows an improvement compared to its last projection in December 2024, “when it placed it at 3.5%, although it is lower than the 4% growth that the Central Bank proposed in January of this year.”

According to OECD estimates, Costa Rica’s economy will experience growth of 3.8 % in 2025 and 2026. In January of this year, the Central Bank of Costa Rica (BCCR) projected economic growth for that period at 4 %.

At the presentation of the OECD report, Secretary-General Mathias Cormann noted that “Costa Rica must address the skills mismatch, increase women’s participation in the labor market, and reduce informality to boost medium-term growth.”

He also highlighted that the country has a well-trained workforce, as well as “significant untapped potential in wind, solar, and geothermal energy, which could meet this growing demand through the diversification and expansion of renewable energy production.”

M.Pino

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La entrada OECD forecasts Costa Rica’s GDP growth at 3.8 % apareció primero en Bitfinance.

Digital payments have experienced rapid growth in Central America and the Caribbean, according to the recent Inter-American Development Bank (IDB) report titled “Towards Greater Financial Inclusion for Development.”

The IDB published this Monday that “the percentage of adults in this region who own mobile money accounts has doubled, going from 4 % to 8 % between 2017 and 2021.”

According to the agency, the use of digital platforms facilitates savings, provides users with security and speed, in addition to reducing costs associated with domestic payments and international remittances.

Despite this increase in the use of digital channels, the IDB points out that the region still “must close gaps with other parts of the world both in the adoption of digital financial tools and in financial inclusion policies.”

Tomás Bermúdez, general manager of the IDB for the region of Central America, Mexico, Panama, the Dominican Republic and Haiti, cited in the report, highlights the need to promote policies that allow greater “availability and access to financial services such as credit, savings, payment of services.”

Digital payments constitute a key factor in electronic commerce in Latin America and the Caribbean. “In 2020, the value of transactions of this type exceeded 38 billion US dollars in the region and is expected to exceed 100 billion in 2025.”

M.Pino

Source: swissinfo

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La entrada IDB: Digital payments have increased in Latin America and the Caribbean apareció primero en Bitfinance.

Nayib Bukele, President of El Salvador, announced that Google has plans to establish an office in the country, in addition to signing a strategic agreement with Google Cloud.

Undoubtedly, the rapprochement between the Central American country and the technological giant could make it the technological center of the region.

The information published this Tuesday in the different local and international media indicates that “Google plans to establish an office and offer Google Distributed Cloud (GDC) services to help the country digitally transform, modernize government services and improve health care and education.”

Against all odds or bets from the rest of the world, Bukele has positioned the nation as one of the strongest in the entire continent. Without the openness that you have shown towards the use and development of technologies and, of course, cryptocurrencies, a partnership with Google would not have been possible.

Among the priority areas that the alliance between the government of El Salvador and Google will address is digital government, which includes “securely digitizing government processes and projects, including electronic invoicing, permits, and other initiatives.”

Also, the education sectors, medical attention to the population with the incorporation of artificial intelligence from “Google Cloud to help doctors with access to information in real time to improve the experience and health of people, including entire communities” in the country.

El Salvador is ready to take the crucial step on the technological stage, and now it has the support of Google.

Google plans to establish operations in El Salvador 😉🇸🇻

Official press release from @Google:https://t.co/Fm1i3YizNr

— Nayib Bukele (@nayibbukele) August 29, 2023

M.Pino

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La entrada Bukele signs agreement with Google for operations in El Salvador apareció primero en Bitfinance.

The Central Bank of Honduras (BCH in Spanish) is making significant progress towards the modernization of its financial system with the start of the pilot plan for a possible CBDC.

Central bank digital currencies are a safe, fast and stable payment alternative used in various countries around the world. With the launch of the study, Honduras opens the possibility of having a CBDC in the medium term to public consultation.

The pilot plan seeks to invite “interested sectors, professionals and the public to provide their comments and ideas on this innovative initiative. The consultation, accessible through the official BCH website, was released after the presentation of the BCH investigation on new payment options to the Financial Innovation Table (FOMIN).”

The Honduran regulatory entity prepared, with the support of the IMF, the study entitled “The future of money and payments in Honduras, which route to follow?”. There he studies the alternatives for the country regarding new payment means.

One of the principles of the study is identified as “exploring solutions that address not only financial inclusion, but also the current challenges facing Honduras, including interoperability issues and delays in cross-border payments.”

The deficiencies of the local payment system have given impetus to the possibility of creating a retail CBDC, added to proposals such as “amendments to the monetary and central bank laws, in order to establish the legal framework required to authorize the issuance of the CBDC.”

BCH, however, maintains a cautious stance regarding cryptocurrencies, which are not considered a viable solution due to their vulnerability, among other aspects.

M.Pino

Source: Criptopasion

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La entrada Honduras launches pilot for the creation of a CBDC apareció primero en Bitfinance.

This Monday, the embassy of the People’s Republic of China in Honduras was officially inaugurated, as a new step after the reestablishment of relations between the two countries on March 26.

During the inauguration ceremony of the diplomatic office, the second presidential designee of Honduras, Doris Gutiérrez; Foreign Minister Eduardo Enrique Reina; the heads of diplomatic missions and international organizations in Honduras and by China.

Reina stressed that “the establishment of bilateral diplomatic relations was an independent decision by the Honduran side, through which it diversifies its international relations and firmly joins the vast majority of countries that recognize the principle of one China.”

Honduras has relaunched relations with the Asian country to promote “commercial cooperation to improve its infrastructure, contribute to increasing the well-being of the Honduran population and promote social prosperity.”

Yu Bo, chargé d’affaires of the Chinese Embassy in Honduras, stressed that since the relaunch of relations with Honduras, both parties “have carried out articulation and cooperation in an accelerated manner in fields such as economy, trade, agriculture, science and technology, culture, education and media”.

As part of this strategic rapprochement, the President of Honduras, Xiomara Castro, confirmed this Monday that she accepted the invitation of her Chinese counterpart, Xi Jinping, to visit China in the coming days.

According to a post on his Twitter account, Castro would be in the People’s Republic of China from June 9 to 14, to discuss key aspects such as “new political, scientific, technical, commercial, and cultural horizons.”

M.Pino

Source: cgtn.com

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La entrada China inaugurated its embassy in Honduras apareció primero en Bitfinance.

Volcano Energy, a leading renewable energy company, has announced an impressive $1 billion investment to carry out an ambitious Bitcoin mining industry project in El Salvador.

In a statement posted on Twitter by President Nayib Bukele, it was revealed that the total commitment for this project reaches $1 billion, with an initial investment of $250 million led by prominent players in the Bitcoin industry. This collaboration also includes renowned renewable energy developers and manufacturers, as well as global Bitcoin mining experts.

Both the Government of El Salvador and Volcano Energy are demonstrating their determination to forge a prosperous future based on sustainable energy, technological innovation, and leadership in the Bitcoin mining industry. This initiative is part of the efforts of the Salvadoran government to consolidate its economic commitment around the adoption of Bitcoin as the official currency along with the US dollar, a pioneering measure that was implemented in September 2021.

Although the precise details about the implementation of this measure are being kept confidential, including the management of a fund of 150 million dollars, the available information has been obtained mainly through the messages on Twitter of President Bukele, who has shared updates on the progress of the project.

In short, Volcano Energy’s $1 billion investment represents a significant step on the path to a prosperous future for El Salvador, based on sustainable energy and leadership in the Bitcoin mining industry, supported by strategic collaboration with leading experts in the field.

K. Tovar

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La entrada Volcano Energy will invest in cryptocurrency miners for El Salvador apareció primero en Bitfinance.

The government of El Salvador granted Bitfinex, an international exchange based in the British Virgin Islands, the first license issued by the country specifically for digital asset service providers.

The company announced this news through a statement on its official site, in which they indicate that the license officially allows the operations of Bitfinex Securities El Salvador, a fully regulated digital asset exchange that will allow the issuance and commercialization of tokenized assets in the world. such as stocks and bonds, in accordance with the country’s Digital Assets Issuance Law.

Paolo Ardoino, CTO of Bitfinex, commented that “we are delighted to be the first company to obtain this license. It will allow Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations, as outlined in the new regulatory regime. of digital assets”.

The Digital Assets Issuance Law was approved by the National Congress of El Salvador earlier this year, with the aim of promoting innovation and financial growth in the country, based on the adoption of Bitcoin as the official currency in September 2021. .

Jesse Knutson, head of trading at Bitfinex Securities, also reported: “We see considerable demand from both issuers and investors for the products that are possible under the new regulations, including tokenized shares, yield-producing assets, and other investment products.” investment.”

Bitfinex’s announcement comes days after the President of El Salvador, Nayib Bukele, presented a bill to Congress to eliminate taxes in the technological innovation sector, which will further promote the incursion and development of new technologies. in the country, including Bitcoin, cryptocurrencies and Blockchain.

K. Tovar

Source: Diariobitcoin

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La entrada Bitfinex obtained the first digital asset license in El Salvador apareció primero en Bitfinance.

The European Commission announced this Monday a new humanitarian assistance package endowed with 210 million euros that will go to 15 countries affected by the devastating effects of growing food insecurity in the world.

With this new aid, the EU’s overall support for food security rises to €8 billion between 2020 and 2024, a period in which 2022 stands out for its unprecedented levels, both in scale and severity, with at least 205 million people in a situation of acute food insecurity and in need of urgent assistance.

“Russia’s war in Ukraine is having a major effect on the world food supply and countries that were already vulnerable to food crises have found themselves in a dramatic situation,” said Commission President Ursula von der Leyen, who has encouraged “act to prevent famine”.

The largest beneficiary of this aid will be Afghanistan, which will receive 75 million euros to address the “dramatic” food security situation, with some 24 million people in need, as well as to tackle the winter and the natural disasters that have recently affected the country.

It is followed by Yemen, with an allocation of 35 million to provide food assistance to the most vulnerable in the north and south of the country; Venezuela, with 30 million to meet the most urgent needs of the population, both inside and outside the country (especially in Colombia, Ecuador and Peru); 15 million for Syria; 10 million for Ethiopia and Somalia; 9 for Sudan; 6 for South Sudan and 5 for Lebanon.

Another 5 million will go to the Dry Corridor of Central America; €4 million will go to the Central African Republic to provide food security as well as protection, nutrition and livelihood support; 2 million in aid will go to Burkina Faso and Niger and one million to Mali and Chad.

In addition to the funding announced on Monday, the European Commission has already allocated an additional €175 million in humanitarian aid to support those most in need in Ukraine and Moldova and allocated a further €10 million to Pakistan to respond to the flash floods that a major impact on the food, nutrition and livelihoods of the affected communities.

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Source: dpa

La entrada The EU will allocate 210 million to combat food insecurity in 15 countries apareció primero en Bitfinance.