Bitcoin in Spanish: bitcoiner city in El Salvador and digital currency in Peru

Key facts:
  • El Salvador will build Bitcoin City, President Nayib Bukele announced.

  • Peru is already preparing its own central bank digital currency (CBDC).

Bitcoin en habla hispana is a weekly newsletter from CriptoNoticias in which we review the most important news related to bitcoin, cryptocurrencies and blockchains in the Hispanic world.

There’s no need to fool yourself. Last week, all the bitcoiners eyes in the world were on El Salvador. The so-called Bitcoin week grabbed the attention with two big events (LaBitConf and Adopting Bitcoin), important announcements and all kinds of news related to the adoption of cryptocurrency in the Central American country.

Although most of the week’s news came out of El Salvador, other relevant events emerged in countries such as Argentina, Costa Rica, Mexico, Peru and Venezuela.

Below, we invite you to read the weekly summary of CriptoNoticias, with information of interest for bitcoin (BTC), cryptocurrencies and blockchains in Spanish-speaking countries:

Argentina

The roundup begins once again in Argentina, where the government approved a new tax that would affect bitcoin exchanges, the so-called “check tax”. The new taxation would push Argentines into the informal market, as assessed by the Argentine Fintech Chamber.

Meanwhile, in the South American country alarm bells are ringing about the proliferation of Ponzi schemes or pyramid schemes. The alert that we reviewed in this newspaper was issued by the NGO Bitcoin Argentina, although various local media mention the presence of these scams in areas such as Mendoza, Cordoba, Tucuman, Catamarca and La Rioja.

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On a curious note, we met the elected congressman Javier Milei, who announced the launch of his second collection of non fungible tokens or NFT.

Costa Rica

In Costa Rica, a tax storm is also brewing over bitcoin transactions. At least, that’s what the General Directorate of Taxation wants to achieve, with a proposal that includes a 13% tax on purchases of cryptocurrencies and another 15% on profits on sales of these digital assets.

El Salvador

All eyes were on El Salvador. And the Central American country did not disappoint. CriptoNoticias, present on the site, dedicated extensive coverage of the events. We spoke to people from the moment we arrived, covered <a href=”https://www.criptonoticias.com/opinion/cronicas-bitcoiners-el-salvador-adopting-bitcoin/” target=”_blank” rel=”noopener”>Adopting Bitcoin and there was even time to evaluate the role of President Nayib Bukele and the adoption of the cryptocurrency in the country.

Among the most notable news that emerged during the week, Bukele’s announcement stands out: there are plans to build Bitcoin City, the first bitcoin city, where there will supposedly be no taxes beyond VAT and will be financed with BTC-backed bonds. Bukele himself said that his country aspires to become a thriving economy in the region and play a role similar to Singapore in Asia.

During the week, interest in tourism was expressed by European investors. Also, the geothermal plant dedicated to Bitcoin mining was connected to a Blockstream satellite system and Bitrefill announced that Salvadorans will be able to pay for services through its platform.

In addition to Adopting Bitcoin, San Salvador also hosted the ninth edition of LaBitConf, one of the most important bitcoin conferences in Latin America. There, dozens of panels discussed topics such as the adoption of bitcoin in other countries, the possibility of coexistence between banks and Bitcoin or the opportunities that cryptocurrency brings to a nation like El Salvador.

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With panelists specialized in the world of cryptocurrencies, they also discussed the potential<a href=”https://www.criptonoticias.com/comunidad/max-k

eiser-inevitable-governments-enter-accumulate-bitcoin-race/” target=”_blank” rel=”noopener”> bitcoinaccumulation race between governments, financial sovereignty, the future of the dollar and the foundations of a new universal financial system

.

Mexico

Leaving aside the overwhelming wave of Salvadoran news, we move on to Mexico, where the Bitso exchange announced a tool

for sending remittances from the United States.

To do so, the Mexican company partnered with Circle, issuer of the USD Coin (USDC) stablecoin.

Also this week, the arrival of fan tokens in Mexican football was announced, with the help of two teams

(Atlas FC and Club Santos Laguna) and the Socios.com platform.

Peru

Far from taking the example of El Salvador, Peru dodges bitcoin and goes for its own central bank digital currency (CBDC, according to its acronym in English). Julio Velarde, president of the Central Bank of Peru, acknowledged earlier this week

that the institution is already working on this project.

Venezuela

We close the regional tour with a curious note from Venezuela, where a candidate for governor in the local elections included among his promises the creation of Axie Infinity game scholarships

. The candidate, Alejandro Terán, won the elections and we have to wait to see if this project will see the light of day in the South American country. Bitcoin in Spanish: bitcoiner city in El Salvador and digital currency in Peru Bitcoin in Spanish: bitcoiner city in El Salvador and digital currency in Peru The candidate for the United Socialist Party of Venezuela (PSUV) declared himself a believer
in the digital economy. Source: Instagram.

Events of the week

Among the events related to bitcoin, cryptocurrencies and blockchains in the region for this week, the following stand out in the CryptoNews calendar

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:

  • Monday 22nd November: “Digital currencies”, organized by Web3 Latam.
  • Tuesday, November 23rd: “DeFi Nation”, event organized by Web3 Latam.
  • Wednesday November 24th: “NFT’s”. Organized by Web3 Latam.
  • Thursday 25th November: “Blockchain x Social Impact”, organized by web3 Latam.

Merchants that

cryptocurrencies accepted in Spanish-speaking countries

Do you know or have a small business that accepts bitcoin and other cryptocurrencies for its products and services?

We invite you to share your information with us at editor@criptonoticias.com. We will report on the adoption of cryptocurrencies of that business in any of the Spanish-speaking countries.