Latam Crypto Update: El Salvador’s Bitcoin Christmas Rush and Argentina’s Tether Freeze
In this week’s Latam Insights, El Salvador continues its Bitcoin buying spree despite IMF pressure, adding 1 BTC daily to its reserves, with plans to accelerate in 2025.
Meanwhile, Argentina’s justice system ordered the freezing of $3.5 million in USDT tied to the Rainbowex pyramid scheme, marking a significant step in crypto asset regulation. In Brazil, Congresswoman Julia Zanatta raised concerns about the risks of the Drex CBDC, opposing a bill that could phase out cash by 2025, arguing that Drex should remain voluntary to protect economic freedom.
Clever Robot News Desk 31th December 2024
