Bitcoin in Spanish: preparations for El Salvador's Bitcoin Law and alerts in Mexico

Key facts


  • In El Salvador, polls warn about the rejection of the Bitcoin Law among the population.

  • Venezuela has its first developer with a scholarship for Bitcoin development.

All eyes are on El Salvador this week, with one date marked on the calendar: Tuesday, September 7, when the law that will give bitcoin legal tender in the Central American country will go into effect. And while the country prepares for the adoption of the cryptocurrency, polls show that most Salvadorans do not agree with the measure of the National Government.

Meanwhile, in countries like Mexico there were several news, such as sanctions to an alleged Ponzi scheme using bitcoin or cases of extortion and kidnapping of migrants where criminals asked for payments with cryptocurrencies.

Last week there was also news about bitcoin in countries like Argentina, Chile and Venezuela. We present them below in a new newsletter on Spanish-speaking countries:


The southernmost country of the American continent has an ironclad exchange control built into its economy. And this could be

at risk by the use of cryptocurrencies, according to statements by the president of the Central Bank of Argentina (BCRA), Miguel Pesce.

During a meeting organized by the Argentine Chamber of Fintech, the executive said that Argentines can use cryptocurrencies

to pay for products and services, but “the BCRA will monitor that cryptocurrencies are not used to evade exchange laws”.


In Chile, this week it was announced that a bitcoin (BTC) charity campaign raised more than $8,700 to provide children with sports equipment. The campaign, organized by the charity BitGive and the NGO Desafío Chile, dates back to 2018, but after multiple obstacles, it achieved this happy ending


El Salvador

The attention of the bitcoiner world is focused on El Salvador, where this Tuesday, September 7, the Bitcoin Law will come into force. And among the preparations for the event, the Salvadoran government this week presented the first images of its bitcoin wallet, Chivo Wallet, in addition to publishing the first advertising spot

about the cryptocurrency created by a government in the world. <img width=”700″ height=”384″ src=”//’%20viewBox=’0%200%20700%20384’%3E%3C/svg%3E” alt=” /> Bitcoin in Spanish: preparations for El Salvador's Bitcoin Law and alerts in Mexico Main screen of the Chivo Wallet bitcoin wallet. Source: @SantaT3chL4w / Twitter. Source: @SantaT3chL4w / Twitter.

Meanwhile, the Legislature approved the creation of a $150 million BTC trust. From this fund

will come the bonus of $ 30 per person that the government of El Salvador offered to encourage the use of the cryptocurrency through Chivo.

The arrival of the law that will give legal tender status to BTC is not without controversy. Recent polls show that most Salvadorans do not agree with the use of the cryptocurrency and would not be willing to accept payments with it. Among the critics of the measure, stands out the digital activist Mario Gomez, who was arrested for a few hours

as part of an investigation for alleged fraud, according to police sources.

For the Government of El Salvador, not everything is Bitcoin. This same week it became known that the Central American country will store official documents

in another blockchain, Algorand, on a platform to be developed by the Argentine company Koibanx.


The use of bitcoin and cryptocurrencies should be regulated by the European Union (EU), rather than the Spanish government, according to a study

by British pollster Redfield & Wilton Strategies on regulations on the European continent.

In total, 43% of Spaniards prefer a general control of the EU, while 33% prefer local regulation and another 24% do not know which body should control the activity in the country


In a business note, the Spanish exchange Bit2Me announced the expansion of its services

to 13 new Latin American countries. With this expansion of their territorial reach, they doubled the number of countries in the region in which they have a commercial presence.


This week, alarm bells went off in Mexico: first, CriptoNoticias reported the concern of the Financial Intelligence Unit (UIF) regarding the <a href=”

ata-personas-extorsiones-extorsiones-criptomonedas-migrantes/” target=”_blank” rel=”noopener”>the use of cryptocurrencies

in extortions and kidnappings of migrants passing through the North American country bound for the United States.

On the other hand, the Banking and Securities Commission of Mexico (CNBV) sanctioned and ordered the cessation of operations with investments to Xifra, an alleged investment system that uses bitcoin and offers monthly returns to its participants. Xifra is accused by users of being a Ponzi scheme and its system does not allow new users to join without referrals, as reported by this media.

Bitcoin in Spanish: preparations for El Salvador's Bitcoin Law and alerts in Mexico Bitcoin in Spanish: preparations for El Salvador's Bitcoin Law and alerts in Mexico Xifra does not allow to register without having affiliates to “network”. Source: Xifra.

The president of the CNBV, in other news, reiterated that Mexican banks cannot operate with BTC

or other cryptocurrencies.


Speaking of governments: in Venezuela, the Superintendence of Cryptoassets and Related Activities (SUNACRIP) has on its radar


fight against money laundering

with cryptocurrencies in the country.

The organization signed an agreement with the National Office Against Organized Crime and Terrorist Financing, which is part of the Ministry of Interior, for this purpose.

In terms of development, a milestone was reached for the South American country this week. Software engineer Francisco Calderón received a grant

to collaborate in the development of the RGB sidechain, an open source project focused on smart contracts for the Bitcoin network.

There was also a milestone for Bitcoin adoption in Venezuela. A couple of weeks ago, the first cryptocurrency-themed cafe opened in the country, and CriptoNoticias spoke with its CEO and founder

on site. Bitcoin in Spanish: preparations for El Salvador's Bitcoin Law and alerts in Mexico Bitcoin in Spanish: preparations for El Salvador's Bitcoin Law and alerts in Mexico BTC Kfé cafe team, in Caracas. Source: BTC Kfé.

Venezuela is known, among many other things, for the quality of its rum. And one of the brands of this liquor, Carúpano, entered the NFT world this week, with the creation of <a href=”

o/5-bottles-rum-venezolano-subastadas-nft-opensea/” target=”_blank” rel=”noopener”>5 collectible tokens traded on OpenSea.

Events of the week

Among the events related to bitcoin, cryptocurrencies and blockchains, the CryptoNews calendar highlights the following:

  • Monday, September 6: “Digital currencies”, organized by Web3 Latam.
  • Tuesday, September 7th: “DefiNation”, event organized by Web3 Latam.
  • Wednesday September 8th: “Web3 Analytics”. Organized by Web3 Latam.
  • Thursday, September 9: “Ethereum Caracas Club”, by Ethereum Caracas.
  • Friday September 10th: “Blockchain X Social Impact”, by Web3 Latam.
  • Saturday, September 11th: Fourth session of “Binance Bootcamp”, an educational event organized by Binance.

Merchants that accept cryptocurrencies 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 We will report on the adoption of cryptocurrencies of that business in any of the Spanish-speaking countries.