South America

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

Brazil

Bitcoin’s Presence in the Carnival: Rio Di Janeiro’s extravagant carnival that draws thousands of people from around the world is likely to be full of crypto references in the country. The move is relevant because the cryptocurrencies and other blockchain applications are gaining increasing traction in the country.

Last year, Sao Paulo’s carnival had a whole block dedicated to blockchain and bitcoin for the first time. This year, the carnival in Rio will have an even more presence of cryptocurrencies.

Exchange to Help Socially Vulnerable Young People with Crypto Donations: Brazilian exchange Coinext is aiming to help young people who are in a socially vulnerable situation with the help of cryptocurrencies.

The move called Recode Movement is trying to implement the ideology of digital inclusion and dissemination of knowledge while helping people in the process. The donated amount will go directly to the Recode’s portfolio which has been operating for more than 20 years.

Recife Region Trying to Promote Cryptocurrencies for Mainstream Adoption: Brazilian region of Recife is working on implementing cryptocurrencies for daily use including acceptability in banks, retailers, eateries and other public places.

According to Raphael Vasconcelos, the owner of a local cafe:

“We are benefited by being in the technology region of Recife, where it is easier to find people with a portfolio of bitcoins in their pockets, but the staff has used them. This creates a good image for us”

There are currently over 80 places that accept cryptocurrencies from gas stations to retailers and even legal firms.

House of Representative to Discuss Bitcoin Regulation: The Brazilian Chamber of Deputies saw a new cryptocurrency regulation bill filed. The details of the bill are currently not well known and more clarity will come once the bill will go under discussion in the house.

The bill was authored by Deputy Aureo Ribeiro from Rio but he was unavailable for comment till the reporting of this news. Cryptocurrency regulation is a sensitive issue in the country as the government is torn between allowing the new asset class to grow and create jobs while trying to clamp down on money laundering and other negative uses of the sector.

Venezuela

New Crypto Bill Enforced: A new piece of crypto legislation named “Constituent Decree on the Integral System of Crypto Assets” has been enforced in the South American country. The much-delayed legislation was initially approved as early as 2018 by the constituent assembly but was delayed due to official red tape.

The bill includes extensive 63 articles that cover a wide range of topics from definitions of blockchain, mining, cryptography, and more. It also has a definition for national cryptocurrency, which in Venezuela’s case is the Petro. But, the bill also empowers the national crypto watchdog named Sunacrip to have overwhelming control of all crypto platforms.

Argentina

37 Cities to Allow Commuting Charges to be Paid in Bitcoin: 37 cities all across Argentina will now allow paying of commuting charges through Bitcoin. The commuters use a card named SUBE that can be recharged with money electronically.

The addition of Bitcoin as an alternative has been received positively by the Argentinians as more and more parts of the country warm up to the idea of cryptocurrencies for daily use. Cryptocurrency platform Bitex will be used to transfer BTC to the SUBE card.

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