BeInCrypto’s Weekly Latin American Cryptocurrency Roundup
This week, we bring you the latest news and trends from the Latin American cryptocurrency industry. From El Salvador’s Bitcoin plans to Colombia’s regulatory efforts, here’s what’s been happening in the region.
Binance Survey: Latin American Investors Bullish on Cryptocurrency
In a recent survey conducted by Binance, it was found that a whopping 95% of Latin American investors plan to increase their cryptocurrency holdings in the next 12 months. This bullish sentiment is reflected in their buying habits, with over 54% purchasing cryptocurrencies at least once a month.
When it comes to decision-making, one-third of participants base their choices on market conditions, while others cite reasons such as profit prospects, financial freedom, and security.
“Cryptocurrency and blockchain technology offer attractive propositions that address specific needs in the daily lives of individuals and businesses in Latin America. This survey provides insights into user behavior and expectations.” – Guilherme Nazar, Vice President of Binance Latin America
WorldCoin’s Unlicensed Operations in Ecuador Sparks Controversy
WorldCoin’s operations in Ecuador have come under scrutiny, with the data protection regulator denying having received formal notification. Concerns have been raised about the exchange of biometric data for cryptocurrency without proper oversight, highlighting the importance of compliance with personal data protection regulations.
Despite claims of operating within regulations, WorldCoin’s franchise model in Ecuador has raised questions about the legality of its activities.
JusToken Expands into Brazil and Argentina
JusToken, a tokenization infrastructure company, has entered the real estate assets space in Brazil and Argentina. With a focus on converting physical assets into digital assets through blockchain, JusToken aims to revolutionize the industry with transparency, agility, and security.
By offering tokenization solutions tailored to various industries, JusToken paves the way for new possibilities in the digital world.
Chilean Congressman Under Investigation for Cryptocurrency Investments
An investigation into cryptocurrency investments by a Chilean congressman has raised questions about the legality of the transactions. With millions of dollars invested in cryptocurrency, authorities are looking into the source of funds and potential compliance issues.
While the congressman’s lawyer maintains the legality of the investments, the case underscores the need for transparency in cryptocurrency transactions.
These developments highlight the growing influence of Latin America in the global cryptocurrency market. Stay tuned for more updates and insights next week.