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Mixed Crypto Approach in Latin America

Mixed Crypto Approach in Latin America

Argentina, Brazil, and El Salvador have been the hotspots for crypto news recently.

To support local small and medium-sized businesses, El Salvador plans to launch an investment project with $100 million in digital tokens.

At the same time, lawmakers in Brazil are considering a bill to establish a Bitcoin strategic reserve and eliminate cryptocurrency taxes.

Fintech in Argentina, on the other hand, took a hit when lawmakers scrapped a plan to let people pay using digital wallets.

Taken as a whole, these differing tactics show how Latin American governments and businesses are experimenting with new ways of handling reserves, allocating capital, and making money available to everyone, making the region an important arena for the…

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