Did we overestimate Latin America’s curiosity in Bitcoin and different cryptocurrencies? Regardless that the continent appears to wish the know-how probably the most, mainstream adoption feels so far-off. The El Salvador experiment would possibly change that, but it surely’s not a assure. And, up to now, there are not any main indicators that another nation goes to comply with swimsuit. Is it too early for this to occur? Are we being too keen?
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In any case, outdoors of the political realm, grassroots adoption advances slowly and steadily. In the present day, we’re going to verify on Colombia, Argentina, Cuba, and the brand new Bitcoin Seashore.
Colombia: Binance Frozen Accounts, ATMs, And A Recreation
- Greater than 50 Colombian Binance accounts are frozen. Some folks assume that the Dutch Tax and Customs Administration (Belastingdienst) is accountable. Others assume it’s the American DEA doing the investigations. Criptonoticias tried to contact each businesses and couldn’t get affirmation both method.
A Colombian lawyer thinks that Binance will not be approved to do this with no courtroom order and that neither company has jurisdiction on the matter. Nonetheless, Binance did block the accounts. To this point, with out rationalization. Wow.
- If we take El Salvador out, these days Colombia has probably the most ATMs on the continent. From the 50 accessible, “Bogota has 29, six are situated in Medellin, three every in Bucaramanga and Pereira, and the remainder are scattered across the nation,” Decrypt informs.
- A videogame known as “B Cash” received the Crea Digital contest from the Colombian Ministry of Data and Communication Applied sciences. The sport goals to show youngsters the best way to spend money on shares and cryptocurrencies by simulating a inventory Trade. The federal government desires to spice up monetary and financial training for the youth. The app might be accessible within the Play Retailer in December. There may even be a Home windows model.
BTC value chart for 10/26/2021 on BinanceUS | Supply: BTC/USD on TradingView.com
Argentina: Mining, Futures, And ETFs
- Canadian Bitcoin mining firm Bitfarms signed a cope with the Argentinian authorities. They’ll construct a facility that’ll host “55,000 ASICS that will devour about 210 MW of electrical energy,” Decrypt informs. A deputy from the opposition social gathering launched a invoice that asks for transparency and details about the challenge. In any case, the deal is already signed.
- The most important futures market in Argentina, the Matba Rofex, offered a challenge to the Nationwide Securities Fee. They need to create futures and choices contracts on the Bitcoin Index. When that’s accepted and working they could go for an ETF, La Capital informs.
Cuba: Companies Already Accepting Bitcoin Funds
- Within the first edition of “Latin America, Tipping Point,” we knowledgeable you that Cuba was seeking to regulate using cryptocurrencies in business transactions. Now, Morocotacoin gives a listing of 17 companies in La Habana which are already accepting them. Most of them are inns and eating places, and there’s even an ATM. Right here’s a video of somebody paying at a restaurant utilizing Bitcoin’s Lightning Community.
— Erich J. García Cruz ₿⚡ (@ErichGarciaCruz) October 18, 2021
Brazil: A New Bitcoin Seashore Arises
- Within the seaside village of Jericoacoara, they’re “constructing a Bitcoin financial system utilizing Lightning Community.” Brazilian musician Motolese put a small seed capital to jump-start a brand new Bitcoin Seashore, impressed however not affiliated with the unique. Motolese is “coaching a group with individuals who dwell within the village, they usually obtain small quantities of Sats from his preliminary donation as an incentive to assist different customers set up the pockets and to make their very first transaction.”
Working an experiment just like the @BitcoinBeach however in Jericoacoara CE/Brazil. Utilizing BlueWallet, with our personal #Bitcoin and #Lightning Full Node, we’re able to change into the second Bitcoin Seashore on the planet by serving to the neighborhood to create a brand new Native Bitcoin Economic system #bitcoinbeachbr
— Motolese 👽🖖 (@MotoleseOficial) October 3, 2021
This challenge looks like the start of one thing nice and we at Bitcoinist will maintain our eye on it so that you don’t should.
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Let’s end this with a Motolese video. The person clearly deserves it.
Featured Picture: Bitcoin Seashore Brazil from their Twitter | Charts by TradingView