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Brazilian Securities Regulator CVM Initiates Inquiry Into Tokenization Operations

The Brazilian Securities Regulator (CVM) has begun sending letters to tokenization companies, inquiring about the nature of their operations. According to local reports, these letters require issuers to disclose which…

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Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation

A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure.…

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Wazirx Announces FIR Filing Following Major Cyberattack

Indian crypto exchange Wazirx has updated users about the recent cyberattack, confirming the filing of a First Information Report (FIR) to address the hack. Cofounder Nischal Shetty emphasized that a…

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Binance Hit With $87 Million Tax Bill in India

Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is…

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Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’

Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin…

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Coinwire Report: Latam to More Than Double Its Crypto Trading Levels This Year

A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted…

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Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil

The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused…

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Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El…

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Feasibility of Trillion-Dollar Platinum Coin Discussed by US Government, FOIA Documents Show

The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the…

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Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback

Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover.…

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