Senator Indira Kempis explains the steps to adopt Bitcoin in Mexico, while Ricardo Salinas says how inflation led him to invest in BTC. At least 3.74% of Peruvians own cryptocurrencies, but that percentage figure might change, considering the high interest from citizens.
Over the last week, Central America has been the epicenter of information about the ecosystem. For example, Honduras plans to launch a Bitcoin City project, as El Salvador did.
In South America, Leonardo Cositorto, CEO of the multilevel scheme Zoe Generation, went to jail in Argentina after escaping from the Dominican Republic. In addition, the monthly inflation in Venezuela grew significantly, affecting citizens despite the salary increase recently decreed.
A Former Minister Thinks Stablecoins Are a Solution to the Argentine Economy
After his arrest in the Dominican Republic last week, Leonardo Cositorto, the CEO of Generation ZOE, went to prison in Argentina. The authorities took him to Córdoba, the province where his company was, for the court to handle the case.
The promoter of the Zoe Cash token and suspect of fraud will undergo investigation before prosecutor Juliana Companys. After that, they will transfer him to the Bouwer prison in the same province.
In another vein, former Minister of Security, Patricia Bullrich, tweeted that stablecoins are a solution to the economy in the country. The politician indirectly referred to the use of Bitcoin and CBDCs amid the ongoing war in Ukraine.
El Salvador Creates a Bitcoin Fund to Help Victims of Crime
El Salvador plans to build the Bitcoin Towers, a new project to attract bitcoiners of the world into the territory. There will be four luxury apartment complexes in several coastal points of the Central American country.
In recent days, members of the Mara Salvatruchas gang committed over 80 murders. That led the government to create a Bitcoin fund to help the families affected by those crimes.
Tether and Bitfinex CTO Paolo Ardoino, who promotes the initiative, stated that the donated funds would go to the families. The Salvadoran government and community organizations will help with the delivery to ensure fair distribution.
A Honduran Island Has Adopted Bitcoin as Legal Tender
A small private city called Próspera, on the Caribbean island of Roatán, Honduras, adopted Bitcoin as legal tender. Joel Bomgar, the president of Honduras Próspera, which is carrying out the project, confirmed that information.
The executive said that people could conduct transactions freely and pay taxes and fees to the jurisdiction with Bitcoin there.
A Mexican Billionaire Invites People to Invest in Bitcoin
Ricardo Salinas, the third-richest man in Mexico, recently recounted he suffered the effects of inflation firsthand. He described the difficulties he faced when the Mexican government devalued the peso (MXN) and made the value of his money fall.
He later confessed that 60% of his properties are currently in Bitcoin. He hopes the world will become bitcoinized and calls on people to sell their altcoins and buy the pioneering cryptocurrency.
He also talked to the senator of the Federal Congress, Indira Kempis, about the initiative she is conducting. The legislator proposes to reform some laws for the adoption of Bitcoin in Mexico.
Peru Could Become the Country with the Highest BTC Adoption Level
A report from the Triple A firm indicates that over 60% of Peruvians are interested in acquiring cryptocurrencies. If the South American country reached that adoption level, it could climb the ranking of territories with the highest acceptance in the region.
The study adds that more than 1.2 million people own crypto assets, equivalent to at least 3.74% of the population. However, those figures might change radically this year, considering the high interest from residents.
The Inflation Increase Affects Venezuelans Seeking to Store Value in BTC
The Venezuelan Finance Observatory (OVF) recently reported that monthly inflation increased significantly, going from 1.7% in February to 10.5% in March 2022.
That affects the finance of Venezuelans and those seeking alternatives to store value in US dollars or Bitcoin, despite the recently decreed salary increase.
That is the first increase since July 2021, as the inflation rate had fallen monthly. That period of consecutive decline lasted seven months and ended with the index recorded in March 2022.
By Alexander Salazar
