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

By Bitcoin.com - 1 کال دمخه - د لوستلو وخت: 2 دقیقې

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.

د ارجنټاین پیسو د ډالر په مقابل کې 10٪ ښکته شوی

The Argentine Peso has له لاسه 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 رسیدلی 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 ریزرو, 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 کچه of over 500 pesos per dollar later this year.

وینزویلا او روسیه پلان لري چې د SWIFT بدیل رامینځته کړي

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 لیدل شوی Brazil on his Latam tour, Venezuelan Foreign Minister Yvan Gil stated that such a system was already in development.

Gil ویلي دي:

د وینزویلا د مرکزي بانک او د روسیې د بانک تخنیکي ټیمونه د مالي پیغامونو په تبادله کار کوي ترڅو داسې سیسټم ته لاړ شي چیرې چې موږ د سوداګریزو راکړو ورکړو د تنظیم کونکي په توګه خپل ځان د ډالرو څخه خلاص کړو.

The system will be an answer to the اخراج 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.

وینزویلا Bitcoin Mining Farms Are Still Inactive

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

د کان کیندنې په عملیاتو کې وقفه، چې ادعا کیږي د ملي بریښنا شرکت Corpoelec لخوا امر شوی، لاهم دوام لري، د کان کیندنې زیانونه چې سلګونه زره ډالرو ته رسیږي.

په وینا د کریپټوټوټیاس, 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.

تاسو پدې اونۍ کې په لاتینې امریکا کې د پرمختګونو په اړه څه فکر کوئ؟ موږ ته لاندې د نظر برخه کې ووایاست.

اصلي سرچینه: Bitcoin.com