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Latest from Andrés Engler
Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis
In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.

Congreso de Brasil tratará un proyecto de ley que regula a exchanges de criptomonedas
La legislación obligaría a las empresas del sector a mantener un registro más estricto de sus transacciones y clientes, y crearía penas más severas para delitos realizados con criptomonedas.

Mexican Stock Exchange Is Considering Listing Crypto Futures, CEO Says
The investments would be traded on the exchange’s subsidiary, the Mexican Derivatives Exchange.

Brazilian Congress to Consider Bill Regulating Crypto Exchanges
The legislation would require companies to maintain closer records of their transactions and customers and create more severe penalties for crypto-related crimes.

Central Bank of Uruguay Establishes ‘Work Plan’ to Regulate Digital Assets
The BCU plans to finalize a proposal to amend the current legal provisions covering digital assets and create a clear framework for their regulation by the end of the year.

Brazil’s Central Bank Says Local B3 Stock Exchange Could Be Oracle of Its CBDC
B3 said, however, that it is still too early to define its role in the development of Brazil’s central bank digital currency.

Crypto Gains Ground in Latin America Amid Venture Capital Boom
Venture capital funds invested more than $6 billion in Latin America in the first half of 2021, versus $4 billion in all of 2020.

El Salvador’s President: ‘First Steps’ Being Made to Power Bitcoin Mining With Volcanic Energy
Nayib Bukele tweeted a video showing progress towards an idea he first floated in June.

Central Bank of Chile Sets Up Team to Study CBDC Issuance
The team will present a white paper in first-quarter 2022 stating the objectives, requirements and regulations for the development of a digital currency.

Brazilian Investment Bank BTG Pactual Launches Crypto Platform
Mynt, which will be available in the last quarter of 2021, will initially allow exposure to bitcoin and ether.
