Brazil’s Crypto Boom! 🤯

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 it’s going out of style! Argentina is… well, Argentina. And Brazil’s Finance Minister promises a CBDC will be transparent. Yeah, right. 🙄

Adoption Overload: Brazil Transacted Over $300B in Crypto Last Year

Crypto’s getting big, even for countries with… 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 something… probably both! 🤑

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: What’s Happening?

So, this Libra thing… apparently it’s linked to President Milei. A congressional committee is trying to figure out what’s going on, but nobody important will show up to talk. It’s like trying to herd cats! 😼

They want to talk to Javier Milei’s sister, Karina, but she’s 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, “I send money to his sister, and he signs whatever I say and does what I want.” Honestly, it sounds like a bad telenovela! 🎭

Brazil’s Finance Minister Claims CBDC Will Bring ‘Transparency,’ 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 I’m dating a supermodel… 🙄

He says they *aren’t* trying to control people’s money. They just want to make transactions easier. Right. Sounds perfectly reasonable. I’m sure there’s absolutely *no* ulterior motive whatsoever!

“It has transparency, it doesn’t have control,” 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

Adoption Overload: Brazil Transacted Over $300B in Crypto Last Year

Libra Probe Stalls in Argentine Congress: What’s Happening?

Brazil’s Finance Minister Claims CBDC Will Bring ‘Transparency,’ Ease Financial Transactions

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