The cryptocurrency exchange has announced that card services will be discontinued in the Middle East on August 25 and in Latin America on September 21.
Sam Bankman-Fried has been accused of releasing confidential documents written by his suspected co-conspirator with the purported aim of 'influence public opinion' before their upcoming trial this autumn.
The balance retained in addresses holding coins for a minimum of 155 days has surged by $1.87 billion this month.
Latin America has been at the forefront of crypto adoption, in part due to the region’s economic difficulties, underbanked population, and openness to technological innovation. The continent is also home to the first country in the world to accept Bitcoin as legal tender: El Salvador.
“Latin America is an important region for Crypto.com and Brazil, being its largest market, has become a global priority for the company,” Sacamone said. Brazil is also starting to attract European exchanges.
But for Latin Americans, things have been on a “ crypto-high ” so far in 2019. As Crypto News recently described, “ crypto-mania appears to be hitting top gear ” throughout the region.
Homegrown startups are already playing an important role in leveraging crypto for the Latin American and global markets. The investors we polled felt startups in the region will continue to do so with tailwinds from global investments and partnerships.
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