Brazil: Highest Inflation in 4 Years Propels Bitcoin Volume to Record Highs

The inflation rate in Brazil, the world’s ninth largest economy, spiked to its highest level in four years, driving more people to Bitcoin, as indicated by the recent rise in Bitcoin trading volumes. Inflation in Brazil Hits 4.5% President Jair Messias Bolsonaro took office on January 1, 2019. Since then, Brazil’s inflation rate has shown […]

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Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent. Bloomberg notes: The inflation […]

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Argentina’s Government Partners with Binance to Fund Blockchain Technology Projects

The Government of Argentina says it will match investments made by Binance Labs in blockchain technology startups in the country — to the tune of $50,000. The move marks the latest example of cryptocurrency and blockchain adoption in the Latin American nation.  Argentina’s Government Matches Binance 1:1 Binance Labs, the blockchain technology incubator of cryptocurrency […]

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G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’

G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held in Buenos Aires, Argentina. ‘We will regulate crypto-assets for anti-money laundering’ On Saturday, a joint declaration was officially signed by all G20 nations, reports The Saudi Gazette. The document acknowledges that […]

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Easing Regulations Bring 4000 New Bitcoin ATMs to Argentina

Emilio Janus · May 2, 2018 · 1:00 am The Central Bank of the Argentine Republic (BCRA) has this month eased regulations regarding automatic teller machines in the country. The (perhaps unexpected) upshot of this has been a plan to install 4000 new crypto-enabled ATMs. Rules, Rules, Rules The new regulations do not contain any direct […]

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Japan, France & Germany to Ask G20 for Help Regulating Bitcoin

Adam James · March 13, 2018 · 7:30 pm A Japanese government official has revealed that the country will ask G20 members to strengthen security measures in an effort to prevent money laundering by way of cryptocurrency. Whether or not Japan will get help from its G20 counterparts, however, remains to be seen. Japan Wants […]

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