Category: Mexico

Mexican government signals circulation of digital currency by 2024

Mexican government signals circulation of digital currency by 2024

Mexico’s central bank plans to have its own digital currency in circulation by 2024, according to a Dec. 29 tweet from the country’s presidency. “Banxico reports that by 2024 it will have its own digital currency in circulation, considering these new technologies and next-generation payment infrastructure are of the utmost importance as options of great […]

Continue Reading

Bank of Mexico confirms CBDC circulation by 2024

The latest update in Mexico’s Digital Currency project saw a tweet from government’s official account confirming that the Mexican Central Bank will begin the circulation of CBDCs by 2024. Twitter handle representing the Presidency of the Mexican government also noted in its exclusive announcement that this fast-paced CBDC roll out with “new technologies and the next-generation […]

Continue Reading

Colombian Real Estate Platform Allows Users to Acquire Property With Bitcoin

Colombian Real Estate Platform Allows Users to Acquire Property With Bitcoin

A Colombian real estate platform is now allowing users to purchase properties with Bitcoin. The platform, called La Haus, is promoting bitcoin payments for a new real estate project in Santa Marta, called Natura City. This is an expansion of the platform, which has already established such a service in Mexico. La Haus to Allow […]

Continue Reading

2021 Crypto Literacy Report Suggests 96% of Americans Fail to Comprehend Basic Crypto Knowledge

2021 Crypto Literacy Report Suggests 96% of Americans Fail to Comprehend Basic Crypto Knowledge

A recent study suggests that 99% of people from Mexico and Brazil and 96% of Americans fail to grasp the basic concepts of cryptocurrencies. Out of all the survey respondents aware of bitcoin, 17% in the U.S., 15% in Brazil, and 14% in Mexico own the crypto asset. The report published by cryptoliteracy.org further explains […]

Continue Reading

Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country

Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has advised investors to “buy bitcoin right now.” He explained that the U.S. is “looking more and more like any other irresponsible third world country.” Ricardo Salinas Pliego on US Economy and Bitcoin Mexican billionaire Ricardo Salinas Pliego commented on the U.S. economy and bitcoin Wednesday. He is the […]

Continue Reading

Bitso unveils new stablecoin tool for Mexico-US payments

Bitso unveils new stablecoin tool for Mexico-US payments

Latin America exchange Bitso today announced a new payment product that it says will make it easier and cheaper for small businesses and individuals in the United States and Mexico to complete cross-border transactions, and have more control over when they convert currency through holding U.S. dollar-pegged stablecoins.  The new product, called Bitso Shift, will […]

Continue Reading

Bitso and Circle Partner To Launch Cross-border Payments Tool Between Mexico and The U.S

Bitso, a Latin American crypto exchange giant, is partnering with the USD Coin (USDC) stablecoin operator Circle to start a new cross-border payment tool between the United States and Mexico. According to an announcement by Bitso on Thursday, the main aim of the integration is to offer the Mexican people, an alternative option of sending […]

Continue Reading

US ‘Kidnapped’ Russian Crypto Businessman Denis Dubnikov, Lawyer Says

US ‘Kidnapped’ Russian Crypto Businessman Denis Dubnikov, Lawyer Says

U.S. law enforcement agents have “kidnapped” crypto entrepreneur Denis Dubnikov in Mexico, before transferring him to the Netherlands where he was arrested, his lawyer told Russian media. Dubnikov is suspected of money laundering and faces up to 20 years in prison if extradited to the United States. FBI Accused of Kidnapping Russian Citizen With Cryptocurrency […]

Continue Reading

Onecoin’s $18.2M London Penthouse: Trial in Germany Reveals ‘Cryptoqueen’ Ruja Ignatova’s Lavish Lifestyle

Onecoin’s $18.2M London Penthouse: Trial in Germany Reveals ‘Cryptoqueen’ Ruja Ignatova’s Lavish Lifestyle

The Onecoin Ponzi scheme is still making headlines as reports from a trial in Germany revealed the missing ‘Cryptoqueen,’ Ruja Ignatova, purchased a London penthouse worth $18.2 million with proceeds from the Onecoin operation. The Münster court’s findings stem from the trial against Martin Breidenbach, Ignatova’s German attorney, who is being accused of money laundering. […]

Continue Reading

Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI

Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI

Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement. Russian Founder of Cryptocurrency Exchangers Detained in Holland Denis Dubnikov, co-founder […]

Continue Reading