News Latin America: Peru welcomed ETF from Bitcoin, new Mexican stablecoin pxo

By Hannah Pérez

Argentina continues to harden its regulation around the trade of digital currencies;Now Exchange must inform the tax agency.This and more crypto news in Latin America.

***

This week, among the most outstanding news of the crypto and blockchain ecosystem in Latin America and the Caribbean, Dogecoin imitative puppies gave much to talk about these days, after they recorded priced meteoric increases, congestion the Ethereum network and createEuphoria in the ecosystem.

The market experienced a good start to the week with several of the main cryptocurrencies reaching new heights.Among them, Ethereum (ETH) registered a historical record by conquering prices above USD $ 4.100.

However, an Elon Musk Tweet informing that Tesla suspended its payment option with Bitcoin (BTC) wreaked havoc on the market.The largest digital currency collapsed below USD $ 50.000 for the first time since March and several of the main cryptocurrencies suffered similar effects.

In other news, the president of Cuba, Miguel Díaz-Canel, is examining the adoption of cryptocurrencies as an instrument to overcome the financial turbulence that the country is going through.

Bitcoin ETF landed in Peru

Investors from the Lima Stock Exchange (BVL) can now invest in a Bitcoin Bag (ETF) Background.

According to various news media, Bitcoin's first ETF in Peru arrived in Peru.The quoted fund of the Canadian company Purpose, BTCC.U, backed by the main cryptocurrency, was listed this week in BVL.Jaime Aritio, Deputy Manager of Business Development for Latin America of Income4 commented on the news media El Comercio.

“We are faced with a milestone in the development of global financial markets and in investment in cryptodivisas, especially for Peruvian investors who have been invested in Bitcoin for a few days through the Lima Stock Exchange, which has listed the ETFcalled in US dollars in the segment of foreign values ”.

For its part, the local financial consulting firm, Magot S.A.B., stressed that the arrival of the product opens a new opportunity "for those risk -loving investors [in Peru] who see cryptocurrencies as a highly profitable asset".

As Diariobitcoin reported, Canadian regulators approved in February the ETF Bitcoin Purpose, consolidating as the first fund of its kind to receive approval in North America.That same month he debuted in the Toronto Stock Exchange.The Bitcoin ETF of Purpose has also reached other latitudes of the region, since in March it was launched to the Santiago Stock Exchange, Chile.

Exchange in Argentina must inform the tax agency

Argentina's authorities are adding more measures to closely scrutinize the growing space of digital currencies at the local level.As reported, now local exchanges are obliged to provide information to the main national tax agency.

The Federal Public Revenue Administration (AFIP), ordered cryptocurrency exchanges to submit monthly reports to report all types of operations carried out by platform customers.

In a statement, the authority asked cryptocurrency service providers.

In addition to the exchanges of digital currencies, the new regulations will also apply to all payments processing companies, including the popular payment application at the local and regional level, Payment Market.

The news occurs in the middle of a boom in cryptocurrencies like Bitcoin in Argentina;mainly driven by local hyperinflation and extensive measures for access to foreign exchange.The measure arises shortly after the Central Bank of Argentina asked local banks to provide information about those clients who carry out operations with said assets.

Stablcoin Mexicana Pxo gains ground

The project of a new stable or stable currency is gaining strength in Mexico.

Token Pxo, a stablecoin backed 1: 1 with the value of the Mexican weight, closed a first round of investment for USD $ 1 million this week.As reported by the local news agency El Economista, the recent investment will allow the project to deploy operations by mid -2021.

The founder of Pxo, Eloísa Cadenas, advanced part of the initiative's plans in an interview with the aforementioned media.She stressed that the Token will have several functionalities.PXO will offer its users a safe and backed solution in blockchain for the payment of goods and services, transfers, asset exchange, loans and remittance shipments.

Chains also explained that the funds of Mexican weights that support the tokens "will be guaranteed in a trust, which will feature audits for the sake of transparency".

Launched on 2020, the new Mexican Stablecoin project hopes to start operations this year.Among the team's plans is that PXO is listed by cryptomendas exchange platforms with presence in the country.

Sources: Commerce, the economist, Bae Business, Cointelegraph

Hannah Estefanía Pérez / Diariobitcoin article

Image of Unspash edited in Canva

WARNING: This is an informative article.Diariobitcoin is a means of communication, does not promote, support or recommend any particular investment.It is worth noting that cryptoactive investments are not regulated in some countries.May not be appropriate for retail investors, as the total amount invested could be lost.See your country's laws before investing.