I hope you are having a great Friday. Thanks again for reading Barracuda.
In case you missed it, earlier this week I wrote about how:
Here are the most important updates on bitcoin, blockchain and digital infrastructure policy in Latin America from this week:
Mexico's Bitcoin community is advocating for an update of the Fintech Law because they consider that the regulation is not adjusted to reality and needs to be updated. Elóisa Cadenas of Crypto Fintech is lobbying for a reform to the existing legislation.
Mexican Senator Indira Kempis brought a second reform to the Senate. On 29 June, the pro-Bitcoin senator brought legislation that would allow Mexicans to pay their tax bills in crypto.
El Salvador’s Central Bank says that Chivo received 2,600 BTC in remittances sent by migrant workers to their families during the first five months of the year. That’s the equivalent of approximately US$52 million.
Mani Thawani of Mundo Crypto met with the Vice President of El Salvador Felix Ulloa to offer crypto asset education and Bitcoin technology to citizens. Thawani is a crypto influencer in the Spanish-speaking world.
Próspera, a crypto-friendly city project in Honduras, is challenging the recently elected government of Xiomara Castro. The Castro government revoked the ZEDE laws on which the Próspera project was built. Próspera wants it reinstated.
Eric García Cruz, entrepreneur and bitcoin enthusiast in Cuba, said that thanks to the financial freedom granted by BTC, Cubans have access to remittances that, due to U.S. sanctions against the country, were not available to them.
Venezuela’s pension fund IVSS had its Twitter account hacked. A user fraudulently offered free non fungible tokens (NFT) from the GlobinTown collection.
Colombian lawmaker Mauricio Toro claims he is working with the finance ministry, tax authorities and the securities regulator on a crypto bill. The bill risks losing steam when Toro leaves office at the end of his term this year.
Colombia’s Technology Ministry is setting guidelines for blockchain use inside government agencies. Colombia wants to issue land titles on the blockchain, a development that could bring transparency to a severely opaque and conflict-ridden market: land ownership.
Argentine mayor Ulpiano Suarez of Mendoza plans to make the city into a crypto haven. Suarez is working closely with Belo, a crypto startup.
Ecuador's Monetary Board reminded citizens that cryptocurrencies are not considered a legal tender in the country, nor are they an authorized means of electronic payment at the national level. Ecuador has been targeted by Samson Mow for Bitcoin nation state adoption.