I hope everyone is having a great Friday. Thank you again for reading.
For those of you who missed it earlier this week, I wrote about how Colombia’s forthcoming presidential election means a fork in the road for its crypto policy.
Here is some other news you need to know from the past week in Latin America crypto politics:
El Salvador’s volcano bonds are drawing skepticism from Michael Saylor. He says the world isn’t ready for debt instruments backed by Bitcoin.
Former Blockstream officer Samson Mow set up a Salvadoran Bitcoin company. Mow’s Jan3 intends to invest in digital infrastructure related to Bitcoin City and signed a MOU with the Bukele government.
Nayib Bukele is facing an outbreak of violence right as he attempts to attract Bitcoin investment. Bukele’s government claims it has apprehended hundreds of gang leaders and the action forced Bukele to cancel his trip to the Miami conference.
A bill introduced by the US House of Representatives, congress’ lower chamber, seeks to specifically mitigate the risks of El Salvador’s Bitcoin experiment. The bill cites US financial stability as a key concern.
Next door in Honduras, Bitcoin ATMs are popping up. The crypto is legal tender in Roatán, a special economic zone and libertarian political project. The island of Roatán sits just off Honduras’ north Caribbean coast.
In Argentina, former minister Patricia Bullrich views stablecoins as part of a solution for the country’s rampant inflation. Bullrich held a ministry post during the Mauricio Macri presidency (2015-2019).
Colombia’s tax authorities are requiring people to declare crypto holdings. That doesn’t necessarily mean you will end up paying tax on them.
A punk rocker’s Mexico City Bitcoin bar is getting press. Bloomberg profiled Lorena Ortiz and her Bitcoin Embassy Bar. She joins Indira Kempis in drawing a connection between Bitcoin and women’s rights.