Donald Trump continues to strengthen surveillance mechanisms for migrants without legal status. This time, the measures apply to remittance shipments to Latin American countries.

Authorities are intensifying identity verification controls, which are now stricter, and establishing the obligation to report any suspicious transaction exceeding $2,000.

Those involved hope that the controls will not unduly delay sending money to their families, as it is a crucial source of support for their survival in the destination countries.

During 2025, these remittances increased substantially, according to the International Organization for Migration (IOM), with Honduras, Guatemala, and El Salvador among the main recipient countries.

M.Pino

(Reference image source: Marek Studzinski on Unsplash)             

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La entrada The United States monitors remittances sent to Latin American countries apareció primero en Bitfinance.

The director of the Financial System Supervisory Authority (ASFI) of Bolivia, Ivette Espinoza, announced last week the entry into force of regulations for financial technology platforms and those linked to digital assets.

The regulations, approved by ASFI, were implemented on Tuesday, July 8, representing “an important moment in the modernization of the Bolivian financial system.”

The regulations outline the requirements and procedures for the “establishment and operation of so-called Financial Technology Companies (FTCs), including those operating in cryptocurrency, digital payments, remittances, and electronic loans.”

According to Espinoza, Resolution 540/2025 gives effect to the Supreme Decree enacted last May, which introduces concepts such as tokenized assets and blockchain technology, previously absent from Bolivian financial legislation.

The objective of this measure is to consolidate “a modern, inclusive, and regulated financial ecosystem that allows both public and private providers to enter the technological field with legal certainty.” The regulations apply to companies incorporated in the South American nation, as well as to foreign companies operating through partnerships with local entities.

M.Pino

Source: xinhua

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La entrada Bolivia implements regulations on financial technology platforms and virtual assets apareció primero en Bitfinance.

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 region is the CryptoMKT platform, which, like most others, offers the possibility of registration simply with an ID and email address.

Through this tool, migrants have access to Bitcoin, Ethereum, or stablecoins like USDT. “In addition, the platform offers simplified verification, video tutorials, and personalized support.”

Hundreds of people in this situation in Latin America can send money to their home country, paying low fees, quickly and securely.

M.Pino

Source: diariobitcoin

(Reference image source: Shubham Dhage on Unsplash)

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La entrada Cryptocurrencies are the option for migrant remittances apareció primero en Bitfinance.