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In this edition of Latam Insights, we delve into the significance of various crypto and economic events across Latin America. A key highlight was the Salvadorian government’s bitcoin investments stepping into the profit zone thanks to the recent rise in Bitcoin price. Nayib Bukele, the country’s president, shared this development on social media, challenging the news outlets to acknowledge this turnaround. Bukele reaffirmed that the nation did not plan on selling its Bitcoin holdings, presently estimated at around 2,381 BTC.
In other news, Brazil, under the new G20 presidency, plans to steer discussions around digital currency usage. Central Bank of Brazil’s President, Roberto Campos Neto, will lead the discussions, focusing on how digital currencies can drastically curtail the costs of international transactions. Additionally, Venezuela’s government accused Exxonmobil of endeavoring to change the outcome of the recent Essequibo poll, using cryptocurrency. The national prosecution issued 14 arrest warrants, including Juan Guaido, the former interim President. Meanwhile, Exxonmobil refuted these allegations, with their CEO, Darren Woods, emphasizing the company’s intent to assist Guyana responsibly develop their resources.
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/08/bitcoin-5.jpeg
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