In Spain, Banco Santander boosted an ETF fever, many companies and banks participated on blockchain platforms, and a businessman said he lost his Bitcoin holdings. As for El Salvador, Bukele announced he would invest Bitcoin in remodeling 20 local schools while the Chivo Wallet faces problems.
In the last week, some relevant Bitcoin-related news, including a false theft and an investment in schools, originated in Spanish-Speaking countries. Those and other events reveal the growing relevance of crypto assets and blockchain technology in those regions.
Argentine Cryptocurrency Exchanges Expand to Other Countries
In Argentina, cryptocurrency exchanges have expanded to other countries in the last week. For example, Buenbit could arrive in Mexico while Letsbit could reach Colombia and Peru.
Besides, there was a confirmation that the facilities of Bitfarms farm in Argentina will move to a private power plant. The Canadian company joined the Albanesi Group to install its Bitcoin at the Modesto Maranzana thermoelectric power plant in Córdoba.
People Will Have Bitcoin Accounts in Colombian Banks
In Colombia, the Flapz flight market will accept Bitcoin and other cryptocurrencies for its services. The firm, which offers trips in Latin America, agreed with a platform to enable that payment mechanism.
Bitcoin exchanges had a crucial victory since they can have accounts in Colombian banks starting next year. That is what the head of the Financial Superintendency of Colombia, Jorge Castaño, expects to happen.
The Government of El Salvador Will Invest Bitcoin in Schools
The pioneering cryptocurrency is already yielding profits for El Salvador, the first country to adopt it as legal tender. President Nayib Bukele announced his government would use the proceeds of the Bitcoin trust of the Central American country for remodeling 20 local schools.
The country can boast of its Bitcoin earnings, but the Chivo Wallet app continues to face problems. A citizen went to jail for creating a profile with the personal data of another Salvadoran citizen. He wanted to claim the USD 30 bonus in BTC that the government grants, which adds to other recent fraud cases with the wallet.
Two Criminals Attack a Businessman to Steal His Bitcoin in Spain
In Spain, Banco Santander boosted a fever of Bitcoin exchange-traded funds (ETFs), and Caixabank celebrated the arrival of blockchains in the country. According to the director of foreign trade and treasury, Julio de la Paz, blockchain facilitates international trade.
The participation of around 400 companies and 15 banks in a trading platform built on the Hyperledger Fabric network proved that. Besides, government representatives believe that blockchains benefit real estate registries but could not replace the Spanish Registry.
On the other hand, two masked men kidnapped, tortured, and robbed businessman Zaryn Dentzel in Madrid. Although he initially claimed that they had stolen his Bitcoin holdings, that seems not to have happened. According to the police, the confusing testimony was due to the initial state of nervousness of the victim.
Mexican FinTech Albo Receives a Fine for Selling Bitcoin
In Mexico, FinTech Albo received a fine of about USD 500,000. The company was offering the sale of Bitcoin, among other services, without express authorization.
Additionally, a survey revealed some common errors among Mexicans when referring to Bitcoin. Although more than 75% claimed to know the cryptocurrency, the query found that that is not entirely true.
Venezuela
Venezuelan Bitcoin miners obtained a legal victory at the cost of a defeat for the National Superintendency of Crypto Assets and Related Activities (SUNACRIP). A court in Caracas ruled in favor of returning cryptocurrency mining machines previously seized under the protection of SUNACRIP.
Finally, Venezuelan economist Aarón Olmos said that the FATF guidelines would allow cryptocurrency companies to endure in the ecosystem. The CEO of Olmos Group pointed out that this international organization seeks to regulate the use and trade of Bitcoin and other crypto assets.
By Alexander Salazar
