Bitcoin in Spanish is the weekly newsletter of CriptoNoticias in which we review the most important facts related to bitcoin, cryptocurrencies and blockchains in the Hispanic world.
This week the bitcoiner ecosystems of El Salvador and Panama were among the most moved at an informative level.
Thus, while in El Salvador, President Nayib Bukele calls for patience in the midst of the bitcoin (BTC) price debacle, the President of Panama, Laurentino Cortizo, Returns the Crypto Bill to the National Assembly for adjustments.
Elsewhere in the region, the Colombian bitcoiner community is preparing to learn what actions it could take the elected president, Gustavo Petroregarding crypto assets.
For its part, the National Securities Market Commission (CNVM) of Spain focused on the issue of cryptocurrencies in the report it presents annually to the Congress of Deputies.
To go to the detail of the news of each Spanish-speaking country during the past week, we leave you the most recent Bitcoin in Spanish.
Argentina
To find out how the current drop in the price of bitcoin is being experienced in Argentina and Venezuela, CriptoNoticias consulted bitcoiners from both countries.
Particularly in Argentina Gabriel Vago, CEO of the ArgenBTC exchange, said that the collapse of earth injected fear into the market and drove away many local users. He considers that this fact is increasing the demand for stablecoins, which is what the citizens of that country are looking for to save.
Vague observes that bitcoin trading has fallen a lot in Argentinaas people prefer to buy stable coins like DAI or Tether (USDT) in order to escape the stocks and the crypto winter.
However, he is sure that soon people are going to come back to buy bitcoin, because in the market it is only going through a debugging moment.
Colombia
The Gustavo Petro’s victory in the presidency of Colombia It is one of the most named topics in the region. Many members of the ecosystem are wondering where they will stand on bitcoin.
On this, it is worth mentioning some statements made by the elected president regarding the pioneering cryptocurrency. They stand out in specific your comments around bitcoin mining.
Just seven months ago, Petro said that Colombia can take advantage of the wind from La Guajira and its waterfalls to create new forms of energy and mine cryptocurrencies.
In that area, northeast of Colombia, 98% of the country’s wind farm projects are built. By 2031, 65 of these parks could be operational.
Petro had previously presented his proposal on Twitter, pointing out the possibility that bitcoin mining replace cocaine production.
The Savior
With the bitcoin price sitting around 70% below its all-time high from seven months ago, El Salvador’s President Nayib Bukele’s comment generated a stir on social media.
The president invited the community to be patient. «My advice: stop looking at the graph and enjoy life. If they invested in BTC, their investment is safe and its value will grow tremendously after the bearmarket».
This comment published on Twitter generated the claim of some Salvadoran tweeters, who They took the opportunity to criticize the purchase of BTC by the government.
However, a previous tweet from Bukele received contrary opinions, after a message on networks from a media outlet urged the president to buy more bitcoin.
In this case, multiple users supported the idea to take advantage of the drop in the price of BTC. This, considering that for the government the losses due to the fall of the market “are not significant”.
In the midst of the so-called crypto winter, Salvadoran media highlight the experience of James Malcolm and his wife Nikki, a New Zealand couple who came to El Salvador as a tourist.
This week they announced on Twitter that are already legal residents of the Central American country.
In their social networks, the couple shows what their life is like in El Salvador, and the multiple experiences they have had with bitcoin. They assure that they are in the process of registering their business, which in turn helped them process citizenship.
Spain
As part of the presentation of its Annual Report to the Congress of Deputies, the president of the National Securities Market Commission, Rodrigo Buenaventura, argued that bitcoin and cryptocurrencies they are just a “bubble”.
For the official, cryptocurrencies do not “seem to form a substantial part of institutional portfolios, nor of the investment funds of financial entities, nor of insurance entities.”
Therefore, consider that once the bubble bursts, the minority that entered in the early stages and left on time will be left with profits; but the majority who entered late will lose almost all their money.
On the other hand, it was learned that the Association of People Affected by Investments in Cryptocurrencies (AAIC) of Spain managed to get a platform for investments in bitcoin to return the funds withheld to its users. This, after being denounced before the justice of that country.
According to the AAIC, the owners of the platform, identified as (PSM), were reported for the crimes of continued fraud and misappropriation. Those involved they were forced to return the money to those affectedeven before trial.
According to the results of a study carried out by the payment platforms Stripe and PYMNTS, Singapore and Spain are the nations where older people have the highest level of use of new technologiesincluding cryptocurrencies.
These are people over 40 years of age who, in most countries, are lagging behind in the use of technology. Their digital inclusion is vital for economic progressaccording to the report.
On the other hand, the Bank of Spain reported that it granted authorization to operate in the country to Bitpanda, unicorn rated cryptocurrency exchange.
The platform is now part of the registry of “service providers of virtual currency exchange for fiat currency and custody of electronic wallets”.
Guatemala
CriptoNoticias spoke this week with Rishi Bond, founder of the Bitcoin Lake project in San Marcos La Laguna, in southwestern Guatemala.
Bond recounted how the use of cryptocurrency pioneered is flourishing around Lake Atitlanwhere there are more than 20 Mayan ethnic groups.
There, mainly the Tz’utujil and Kaqchikel ethnic groups live, who they are experiencing the individual empowerment that bitcoin grants.
The use of cryptocurrency has allowed this population to receive and send money anywhere in the world, despite the fact that they are mostly an unbanked population.
Honduras
The National Autonomous University of Honduras (UNAH) organizes, together with the company Avenida Crypto, a series of learning workshops on bitcoin and non-fungible tokens (NFT) aimed at the university population of that country.
Juan Jacobo Paredes, director of the UNAH campus located in Valle de Sula, in northern Honduras, explained that the workshops will start in the coming months. He added that students will be able to accumulate academic credits, depending on the number of hours of attendance at these learning sessions.
The workshops that will be held in the most important study house in Honduraswill introduce participants to the conceptual foundations of bitcoin, blockchains and the tools that allow their use for the development of applications and software designs.
Mexico
Atlas Fútbol Club, champion team of the Mexican soccer Clausura 2022 tournament, announced the launch of the first 100 thousand units of your Fan Token or official fan record.
The sale of these assets had been promised to the fans of the team since November of last year when the association with the Socios.com platform was reported. It will now take place in three phases, with limits set on the number of tokens available to each user.
The team’s cryptocurrency, which can be recognized by the symbol $ATLAS, is available from this June 21 at a price of 2 US dollars (41 Mexican pesos).
Panama
The president of Panama, Laurentino Cortizo, partially objected to the Bitcoin Bill or “Crypto Law” presented to regulate bitcoin (BTC) and other cryptocurrencies in the Central American country.
In a letter, seen by CriptoNoticias, which was sent to the National Assembly, President Cortizo detailed the points he considers must be adjusted to be able to sign the document.
Among the articles rejected by the president are several, especially those related to the definition of terms linked to the ecosystem and the procedures that exchanges must follow.
For the president, the exchange platforms must be forced to comply with international standards against money laundering, established by the Financial Action Task Force (FATF).
Venezuela
As part of the queries made by CriptoNoticias to find out how this crypto winter is being lived in Latin Americathe opinion of Maximiliano Ramírez, a Venezuelan graphic designer who classifies himself as a holdler, was reviewed.
Ramírez says that he sees bitcoin as the only “intelligent financial system that exists on the planet.”
This highlights the possibility of carrying out transactions without borders mattering, quickly and cheaply, with registration in the block chain, far from manipulation by third parties.
“What more can I ask for?” he said. In his opinion, the price of bitcoin is not the only thing that matters. “In fact, it’s not what matters most,” she concluded.
events of the week
Among the events related to bitcoin, cryptocurrencies and blockchains in the region for this week, the following stand out in the CriptoNoticias calendar:
Thursday June 23: Streaming webinar “Introductory talk on bitcoin and blockchain 2022”, organized by NGO Bitcoin Argentina.
Businesses that accept cryptocurrencies in Spanish-speaking countries
- Pay it Easy (online platform, Panama).
- SOCIETYFARM (Pharmacy in Arequipa, Peru).
- Boutique Hotel(San Bernardo Del Tuyu, Province of Buenos Aires, Argentina).
- Video Marketing Agency (Store in Chile).
- Ceci’s Grilled Delights (restaurant, Salinas, Ecuador).
- Destinations Tours travel and ecotourism (travel agency, Colombia).
- JAM Services (Maxikiosko in Misiones, Argentina).
- Taqueria Cinco The Downtown (Restaurant, Veracruz, Mexico).
- intuition (Clothing store in Caracas, Venezuela).
- Congo Monkey (Coffee in Dominical, Costa Rica).
- farm (Pharmacy in Dominical, Costa Rica).
- The Seventy Crepes (restaurant in Bogota, Colombia).
Do you know or have a small business that accepts bitcoin and other cryptocurrencies for its products and services?
We invite you to share the information with us through [email protected]. We will inform about the adoption of cryptocurrencies of that business in some of the Spanish-speaking countries.