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February 9, 2025

Brazil’s New Bill Aims to Boost Crypto Investments as Tether Eyes Mercantile Ventures

In this week’s Latam Insights, Brazilian lawmaker introduces an initiative to enable funds to invest in cryptocurrencies. This development signals a promising shift towards embracing digital assets in the region. Additionally, Tether has announced plans linked to a skyscraper project in El Salvador, underscoring their commitment to expanding their operations within Latin America. Meanwhile, crypto remittance volumes in El Salvador remain subdued, highlighting ongoing challenges in adopting digital currencies for everyday transactions. Stakeholders should keep an eye on these advancements, as they could reshape the landscape of cryptocurrency investment and usage in Latin America. Stay informed for updates on legislative progress and business developments.

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