Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela

By Bitcoin.com - 1 год таму - Час чытання: 2 хвіліны

Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela.

Аргентынскі песа ўпаў на 10% адносна даляра

The Argentine Peso has страчаны more than 10% against the U.S. dollar during the last week, going from less than 400 pesos per dollar in the informal blue exchange rate to more than 440 on April 21. The cause of this sudden rise has to do with the perceived weakness of the Argentine government, which has been unable to control the rise of inflation, which дасягнуты inter-annual levels of more than 100% in March, the highest in all of Latam.

The country currently holds $2 billion in its foreign currency рэзерв, a low number when compared to the reserves of Brazil, an economy five times the size of Argentina, which holds approximately $350 billion in foreign currency. This has caused Argentines to purchase dollars to take refuge from devaluation of the peso, with analysts predicting its price reaching ўзроўні of over 500 pesos per dollar later this year.

Венесуэла і Расія плануюць развіць альтэрнатыву SWIFT

Venezuela and Russia announced that they were working to develop an alternative to SWIFT, the bank messaging and settlements system that most banks use to complete cross-border payments. Accompanied by his Russian counterpart Sergey Lavrov, who also наведаў Brazil on his Latam tour, Venezuelan Foreign Minister Yvan Gil stated that such a system was already in development.

Гіл заявіў,:

Тэхнічныя групы Цэнтральнага банка Венесуэлы і Банка Расіі працуюць над абменам фінансавымі паведамленнямі, каб перайсці да сістэмы, у якой мы вызваляемся ад гегемонічнага долара як рэгулятара камерцыйных аперацый.

The system will be an answer to the выключэнне from the SWIFT network that Russian banks suffered in 2022 as a result of the wide package of sanctions enacted by Western nations on Russia. Gil stated more updates on this system would be shared in the next weeks.

венесуэльскі Bitcoin Mining Farms Are Still Inactive

,en Bitcoin mining ecosystem in Venezuela is still inactive, with most farms not operating as a result of the so-called PDVSA-crypto зонд that is affecting the cryptocurrency sector in the country.

Паўза ў здабычы карысных выкапняў, якую нібыта загадала нацыянальная энергетычная кампанія Corpoelec, усё яшчэ працягваецца, і майнеры назапашваюць страты, якія дасягаюць сотняў тысяч долараў.

па Криптонотики, owners of these Bitcoin farms could be losing $11 million monthly, with Corpoelec losing about $2 million as a result of this forced pause. There are still no reports about when these operations could be restarted, as the probe is still ongoing.

Што вы думаеце пра падзеі ў Лацінскай Амерыцы на гэтым тыдні? Раскажыце нам у раздзеле каментарыяў ніжэй.

Арыгінальны крыніца: Bitcoin.com