Bitcoin Mining Focus in Paraguay; Itau Unibanco Launches Universal Crypto Trading

Welcome to Latam Insights, a roundup of Latin America’s recent crypto and economic highlights. 

Paraguay has unveiled a strategic focus on bitcoin mining for its economic transition, led by Minister of Industry and Commerce Javier Gimenez. The country aims to leverage its energy surplus by selling power to legal bitcoin miners, laying the groundwork for future industrial growth. Meanwhile, Itau Unibanco, Brazil’s largest bank, has expanded its cryptocurrency trading services to all of its over 60 million customers, recognizing the rising demand for crypto investments. 

Additionally, Worldcoin, the proof-of-personhood biometric project, is planning to establish a regional hub in Argentina, marking its expansion in the Latin American market and creating job opportunities for local software developers.

Clever Robot News Desk 17^th June 2024