Oy vey! Welcome to Latam Insights, a mishmash of the most important crypto news from Latin America, cobbled together over the last week. Brazil? They’re buying crypto like itās going out of style! Argentina isā¦ well, Argentina. And Brazilās Finance Minister promises a CBDC will be transparent. Yeah, right. š
Adoption Overload: Brazil Transacted Over $300B in Crypto Last Year
Crypto’s getting big, even for countries withā¦ let’s just say, *complex* economies. Brazil has really taken to this whole crypto thing, moving more money than a pickpocket at a matinee! Even with the regulators breathing down their necks.
According to those really smart folks at Chainalysis (blockchain analysts, can you believe it?), Brazil is the biggest crypto player in Latin America, shuffling around a whopping $318.8 billion worth of crypto from July 2024 to June 2025. That’s more than double last year, which means either everyone’s getting rich or they’re trying to hide somethingā¦ probably both! š¤
Brazil is leaving the others in the dust! Argentina managed a measly $93.9 billion (close, but no cigar!), and Mexico is trailing behind at $71.2 billion. Poor Mexico.
Libra Probe Stalls in Argentine Congress: Whatās Happening?
So, this Libra thingā¦ apparently itās linked to President Milei. A congressional committee is trying to figure out whatās going on, but nobody important will show up to talk. It’s like trying to herd cats! š¼
They want to talk to Javier Mileiās sister, Karina, but sheās avoiding them like a tax audit. And the Justice Minister, the National Securities Commission President and the Financial Information Unit President? All MIA! What are they hiding? My grandmother made better excuses!
This Hayden Davis character, from Kelsier Ventures, claims he was bribing Milei *through* his sister! He said, and I quote, āI send money to his sister, and he signs whatever I say and does what I want.ā Honestly, it sounds like a bad telenovela! š
Brazilās Finance Minister Claims CBDC Will Bring āTransparency,ā Ease Financial Transactions
Fernando Haddad, the Brazilian Finance Minister, is telling everyone that their new digital currency, Drex, will be super transparent. Oh, sure, and Iām dating a supermodelā¦ š
He says they *aren’t* trying to control peopleās money. They just want to make transactions easier. Right. Sounds perfectly reasonable. Iām sure there’s absolutely *no* ulterior motive whatsoever!
āIt has transparency, it doesnāt have control,ā Haddad insists. Transparency, he says! HA! That’s like saying a magician’s secrets are readily available!
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2025-10-05 14:58