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According to Binance’s Latam North General Manager, Daniel Acosta, stablecoins now account for up to 90% of the $28 billion in annual volumes transacted in the Peruvian crypto market. Acosta…
The company announced that this movie is part of its strategy to bring a local payment and banking alternative to Peru. Peru has a large level of smartphone penetration, but…
The local press reported that the Peruvian Credit Bank (BCP) had completed the first bank-originated crypto-based payment in Peru. An employee used a bank-issued token to purchase a coffee in…
Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the first to receive such a license in the country, now…
The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell…
The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL),…
Num Finance received $1.5 million in a pre-seed funding round in May and is now issuing stablecoins in the local currencies of Argentina, Peru and Colombia.
Huobi Global, one of the biggest exchanges in volumes traded, has announced a partnership to make it easier for its Latam-based customers to acquire cryptocurrencies. The exchange has allied with…
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region…