Argentine President Alberto Fernández spoke about the possible use of cryptocurrencies to combat inflation. Venezuelan authorities restored the electric service to disconnected Bitcoin miners so that they could operate again.
In the last week, there were prominent news events about Bitcoin adoption in Spanish-speaking countries. Especially in Argentina, Spain, and Venezuela, people bought and sold vehicles and real estate with the stablecoin Tether (USDT).
There were some government approaches towards Bitcoin, new regulatory obstacles for the Binance exchange, and the reactivation of disconnected Bitcoin miners.
Argentina Can Use Bitcoin and Other Cryptocurrencies to Combat Inflation
The statements of Argentine President Alberto Fernández about Bitcoin and other cryptocurrencies marked the week. He does not rule out the adoption of those assets to curb inflation in the South American country, although he considers them a care issue.
Renowned bitcoiner Rodolfo Andragnes refuted the statements of the Head of State. The founder of the NGO Bitcoin Argentina stated they would not become deflationary using cryptocurrencies. He said that the government should take a position against the excessive printing of money to help fight inflation.
Meanwhile, private businesses such as Grupo Dietrich continue adopting cryptocurrencies. The dealership finalized its first sale in cryptocurrencies of brand-new cars.
Besides, the president of the Central Bank of the Argentine Republic talked about Bitcoin. Even though he does not consider it a financial asset, he thinks it can affect the country’s foreign exchange market.
Finally, mining company Bitfarms, which Argentines founded in Canada, exceeded USD 1 billion in capitalization.
Chile Does Not Allow Binance to Operate in Its Territory
There were not many news events about Bitcoin and other cryptocurrencies in Chile, but the one occurring is weighty. The Commission for the Financial Market of the country stated that Binance could not operate in the territory.
The official statement does not mean banning or blocking the Binance website for Chileans. However, it is a new regulatory setback for the exchange, which has faced several obstacles in other countries.
Spain Installs New Bitcoin ATMs in Madrid
Spain, the Spanish-speaking country with the most Bitcoin ATMs, added three new machines during the week. BitBase, the company with the most devices operating in the territory, installed all of them.
The new ATMs in Madrid mean that the company has six in the Spanish capital. In total, the city has 14 of the 116 ATMs that there are throughout Spain.
Disconnected Bitcoin Miners Venezuela Start Operating Again
A Venezuelan citizen paid for an apartment entirely with the stablecoin Tether (USDT) in Barcelona, the east of the country. Both the buyer and the seller used the exchange Binance as an intermediary to conduct a transaction of USD 12,000.
A less pleasant report indicates that some criminals kidnapped and killed a merchant from Zulia state, the westernmost part of the country. The kidnappers requested a ransom of 0.5 BTC, equivalent to more than USD 23,000, which his family failed to complete.
Finally, the Bitcoin miners from Carabobo state, whose electric service the regulators had suspended, reconnected their equipment. After a meeting, the authorities from the Superintendency of Crypto Assets allowed them to operate again.
By Alexander Salazar
