Mexico’s Third-Wealthiest Individual Adds Bitcoin to His Twitter Bio

Mexico's Third-Wealthiest Individual Adds Bitcoin to His Twitter BioJust recently the Mexican billionaire, Ricardo Salinas Pliego, joined Elon Musk and a number of high-profile people, by adding the bitcoin hashtag to his Twitter bio. Salinas is one of Mexico’s wealthiest individuals with a fortune of around $13.2 billion and 10% of the entrepreneur’s liquid portfolio is in bitcoin. Grupo Salinas Chairman Joins the […]
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Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Related Activities

Cordoba Becomes the First Argentinean Province to Impose Taxes on Crypto-Related ActivitiesIn Argentina, a provincial legislature has voted in favor of a bill to impose new taxes on gross incomes from crypto transactions. Cordoba’s central province is now the first one to impose crypto taxes in the country, which involves crypto exchange platforms and retail traders. Approved Tax Bill Grants a Definition of Cryptocurrencies According to […]
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Blockchain Platform to Set up a Tokenization Solution for Argentinean Farmers as Peso Keeps Plummeting

Blockchain Platform to Set up a Tokenization Solution for Argentinean Farmers as Peso Keeps PlummetingWith Argentineans facing rising inflation to near 40%, solutions appear to contain the impact on national farmers. A business blockchain platform is partnering with a peer-to-peer (P2P) marketplace to launch a program to tokenize Argentina’s agriculture. More Than 40% of the World’s Soybean Oil and Soy-Meal Production Comes From Argentina According to an announcement shared […]
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Argentina’s Ripio acquires Brazil’s second-largest crypto exchange

Argentinian crypto firm Ripio has acquired Brazil’s BitcoinTrade, Brazil’s second-largest exchange by volume.

Ripio, a digital asset company based in Argentina, has purchased major Brazilian crypto exchange BitcoinTrade.

According to Argentine newspaper Ambito, the acquisition is part of Ripio’s plan to spread across South America. BitcoinTrade is reportedly the second-largest crypto exchange in the country by volume.

Ripio CEO and co-founder Sebastián Serrano said it made the purchase to “expand access to the world of digital assets” in the region.

“We are convinced that Ripio is the best company to extend the path we are building with BitcoinTrade in Brazil,” said BitcoinTrade founder Carlos Andre Montenegro.

Founded in 2013, Ripio claims to be one of the largest crypto exchanges in South America, with employees based in Argentina, Brazil, Mexico, Uruguay and Spain. The company launched a crypto trading platform with over-the-counter services in 2019, and was named as one of the World Economic Forum’s Tech Pioneers last year.

In November, an Argentine lawmaker proposed legislation to provide a national framework for crypto in the country. The bill is intended to address “very arbitrary rules” governing Argentina’s crypto ecosystem.

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