South America: Crypto and Blockchain News Roundup 13 May to 19th May, 2019

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South America: Crypto and Blockchain News Roundup, 7th to 13th December 2018

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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.


Brazilian Nuclear Energy Association’s website hacked; invaders ask a ransom to be paid in Bitcoin: The website of the Brazilian Association for the Development of Nuclear Activities was attacked on Monday night, May 13, with all emails, including the ones for registration for an event in June, WNU 2019, being compromised.

The hackers then asked to be paid in Bitcoin in return for the stolen data, but the president of Abdan Celso Cunha refused. The site was recovered after 3 days with all services and information being reinstated.

Deputy Vitor Lippi meets with presidents of BNDES, CVM and Bacen to discuss Blockchain in Brazil: The Economic Development Committee recently held a seminar on Blockchain and its use in public management at the Getúlio Vargas Foundation in São Paulo. The event featured high-profile participants such as the presidents of the Central Bank, BNDES, the Securities and Exchange Commission (CVM) among others.

The seminar stressed the importance of Blockchain and discussed legislating and regulating its usage. It was also decided that a working group will be created, consisting of deputies and specialists to better analyze the use of Blockchain.

Brazil to test blockchain technology in international trade relations with partner countries: The Federal Data Processing Service (Serpro) published a document on May 8 focused on using Blockchain for trade deals between Brazil and partner countries. The report detailed the importance of using blockchain technology to provide security and reliability in trade deals by guaranteeing the authenticity of the information shared between Brazil and its partners.

Apart from these benefits, the switch would also put partner countries on an equal footing in the negotiations as the trade records will not be kept in a centralized database.

Federal Senate to discuss Bitcoin regulation in Brazil this Wednesday: The Commission for Science, Technology, Innovation, Communication and Information Technology (CCT) held a meeting on Wednesday, May 15 to discuss and vote on projects and applications related to Bitcoin regulations. The meeting also discussed the benefits and pitfalls of regulating the crypto market in Brazil and its effects on the national economic-financial order.

Entities represented in the meeting included representatives from the Central Bank (Bacen), the Securities Commission (CVM), the Federal Revenue Service (RFB), the Brazilian Association of Cryptoeconomics (ABCripto) and the Brazilian Association of Cryptomanes, and Blockchain (ABCB).

Major Bitcoin Pizza Day of Brazil will distribute 1 thousand pizzas for street dwellers and charities in MG: On May 22, the Bitcoin community will again celebrate the annual “Bitcoin Pizza Day”.The event marks the first real-world Bitcoin transaction that occurred on this date, when on May 22, 2010, a programmer named Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins – which in current value would cost more than $ 320 million.

To celebrate the day, a group of companies led by Brant Exchange hold this event every year, where 1,000 pizzas are donated to the needy people around the country. The event has support from many other companies like Coinext, 3xBit, Stratum, MyAlice and CriptoFácil, and is still accepting volunteers for the distribution of the pizzas.

Brazilian tax auditors studying Blockchain and may take proposals to Bolsonaro: The Brazilian Federation of Tax Associations (Febrafite)’s president, Juarcy Soares, has revealed, that Brazilian tax auditors are seriously considering blockchain technology as the next step towards updating the tax collection system in the country.

This revelation was made in the Chamber of Deputies meeting this week, where the idea and the importance of smart contracts in improving tax collection were discussed. It was also iterated that the move would allow the national tax system to forgo the ordeal of working with thousands of standards, and would streamline the link between financial regulators and businesses.

Rest of South America

Bitcoin Traders Break BTC Records in Argentina, Colombia and Venezuela on Crypto Trading Platform LocalBitcoins: Bitcoin trading volume hit an all-time high on the peer-to-peer crypto trading platform LocalBitcoins in 3 Latin American countries, namely Argentina, Colombia and Venezuela. Each country registered a national record in exchange for Bitcoin, as shown by the data compiled by Coin Dance.

In particular, the Argentinians traded 13,097,360 Argentine pesos (ARS) to buy 45 Bitcoins, Colombians traded 10,632,752,608 pesos for 583 BTC, and Venezuela’s bolivar-to-Bitcoin trading amounts hit an all-time high yet again as 40,948,658,596 bolivar were traded for Bitcoin, which went up from 37,063,278,050 traded in the last week.

Venezuela and Russia may switch to Ruble after trying Petro Cryptocurrency: After failing to implement “El Petro” cryptocurrency, Venezuela, and Russia are now looking to shift the trading activities to the Ruble, as revealed by a UN ambassador. According to some previous reports, Russian officials were trying to introduce to El Petro, and their deputy finance minister even admitted that representatives from tax service and the central bank got acquainted with the Venezuelan cryptocurrency, but it didn’t go any further than that.

It appears as though some transaction were attempted, according to the Venezuelan ambassador, but no more details were shared given how the currency has been widely criticized for the lack of transparency and centralization.

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