In its sixth "LATAM Blockchain Report 2025: Ecosystem and Regulatory Updates in Latin America," Sherlock Communications revealed that cryptocurrency adoption in Peru has surpassed 1 million users and that the South American nation is moving toward establishing a clear regulatory framework.
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Latin America
Brazil formalizes its application for IEA membership
Brazil has formalized its application to become a member of the International Energy Agency (IEA), an organization that "brings together the major energy consumers of the developed world," the OECD-affiliated body announced.
According to…
IEA forecasts increase in global oil production, led by three Latin American countries
The International Energy Agency (IEA) estimates that oil demand will continue to rise. In this context, production is expected to continue at this upward pace, reaching 5.8 million barrels per day, with a quarter coming from Argentina,…
Eighth edition of Crypto Latin Fest will be held in Medellín
The eighth edition of Crypto Latin Fest will be held on August 21st and 22nd at the Botanical Garden of Medellín, Colombia, sponsored by the global crypto exchange platform Bitfinex.
The event, one of the most important in Latin America,…
Dina Boluarte announces new projects in her final year in office
Peruvian President Dina Boluarte addressed the nation on the occasion of the National Holidays this July to discuss projects, agreements, and measures in her final year of office, taking into account that the country will hold presidential…
Petroperú projects to close 2025 with losses of $223 million
The president of the Peruvian oil company Petroperú, Alejandro Narváez, presented the company's balance sheet for the end of this year last week, with estimates of $223 million.
At the close of 2024, this figure stood at $774 million,…
Brazil reduced its fiscal deficit to 7.56 % of GDP in May
In May, Brazil's fiscal deficit narrowed to 7.56 % of accumulated Gross Domestic Product over the last 12 months, according to the Central Bank's report released Monday.
"In May alone, the consolidated nominal public sector deficit of…
Paraguay decreed a 3.6 % increase in the minimum wage
On Friday, June 27, the president of Paraguay, Santiago Peña, signed the decree corresponding to the 3.6 % increase in the country's minimum wage.
"In this way, workers' compensation is adjusted by 100,739 guaraníes, increasing the current…
Cryptocurrencies are the option for migrant remittances
Migrants who are unbanked in their host country in Latin America due to lack of residence permits and other irregularities have found in cryptocurrencies a way to send remittances to their loved ones without restrictions.
An ally in the…
Brazil keeps economic growth
Brazil, Latin America's largest economy, maintained its economic growth of 0.4 % during April, leveraged by the services sector.
However, the growth rate slowed to 0.2 % according to Central Bank reports and IMF projections.
The BCB…
Brazil to tighten rules for digital platforms
On Wednesday, June 11, by a majority of its judges, the Brazilian Supreme Court agreed to tighten the rules applying to digital platforms.
The objective of this decision is to regulate activities such as the spread of fake news and hate…
Peru’s cumulative inflation was 1.05 % from January to May
From January to May, Peru recorded cumulative inflation of 1.05 %, while for the month of May, the Consumer Price Index (CPI) nationwide decreased by 0.05 %.
This was reported this Sunday, June 1, by the National Institute of Statistics…