Crypto Moves in Latam: El Salvador Eyes International Transactions with Bitcoin, While Argentina Registers Bitcoin-Funded Firm
In recent Latin American crypto news, El Salvador has proposed using cryptocurrency to facilitate trade with Russia, aiming to bypass the complications of its dollarized economy.
This move comes amid the ongoing Russia-Ukraine conflict. With El Salvador maintaining a neutral stance while seeking to strengthen trade relations with Russia.
In Argentina, a significant development occurred as the country registered its first company funded entirely with cryptocurrency. Following recent legal adjustments. The company was established with nearly $500 in crypto assets.
Meanwhile, on Polymarket, a $3.8 million bet on the Venezuelan presidential election remains unresolved due to contested results and ongoing disputes over the election’s verification.
Clever Robot News Desk 5th August 2024
