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  • Politicians

  • in Latin American countries are warming up to cryptocurrencies.
  • Indira Kempis, a Mexican Senator will present a new bill aiming to make Bitcoin legal tender.
  • In Brazil, the Senate’s Economic Affairs Committee recently passed a 2019 bill that recognizes crypto markets.

More Latin

American countries are exploring the regulation of cryptocurrencies.

Since El Salvador adopted Bitcoin as legal tender in September 2021, awareness of cryptocurrencies has continued to grow in Latin American countries. Policymakers in ArgentinaBrazil, Panama, and Paraguay have become more open to Bitcoin and other cryptocurrencies due to the influence of El Salvador and as a possible solution to inflation.

Just this week,

there were new updates from Mexico and Brazil. El Salvador news publication in English reported that Indira Kempis, a politician in the Mexican Senate, plans to introduce a cryptocurrency bill that would mimic El Salvador’s Bitcoin law and make the main crypto asset a legal tender in Mexico. Kempis has been pro-bitcoin since she took office as a member of the Mexican Senate – the upper house of the Mexican Congress – in 2018.

It remains

to be seen whether Kempis’ bitcoin bill will receive sufficient support from other members of Congress. Four months earlier, Mexican President Andrés Manuel López Obrador publicly stated that the country had no plans to adopt Bitcoin as legal tender.

Kempis is not the first politician to advocate making Bitcoin legal tender in Mexico. Eduardo Murat Hinojosa, a member of the lower house of the Mexican Congress, had already announced in a tweet in June 2021 that he would “promote and propose a legal framework for crypto-coins.”

Regardless

of whether it becomes law, Kempis’ bill will likely spark a dialogue among policymakers about Bitcoin’s role in the Mexican economy. Rather than making Bitcoin a legal tender, the Mexican government could instead regulate the sector, allowing crypto companies to do business freely. Just last week, Coinbase allowed crypto users in Mexico to exchange their crypto assets for Mexican pesos, an example of how the crypto sector is expanding in the country.

While Mexico

could soon see its first bill to make bitcoin legal tender, another Latin American country, Brazil, is taking steps to regulate the crypto sector. On Tuesday, the Brazilian Senate’s Economic Affairs Committee approved a 2019 bill that includes crypto-asset legislation. The bill “recognizes and regulates the cryptocurrency market,” according to an official statement. Get You Traffic in 2022

The same bill also includes proposals for tax incentives for bitcoin mining powered by renewable energy sources. While the bill legalizes crypto activities in Brazil, it also aims to crack down on money laundering, tax evasion, and other illegal activities involving cryptocurrencies. The bill will soon be introduced in the Senate so that Brazilian deputies can vote on it .Get You Traffic in 2022

Try out the FYBIT cryptocurrency trading   

Buy Crypto 

I do not have personal preferences or bias towards any specific platform. However, here are some popular and reliable options to buy Bitcoin, Ethereum, and other cryptocurrencies:

  1. LocalBitcoins : is a peer-to-peer cryptocurrency marketplace that allows users to buy and sell Bitcoin in their local currency. The platform was founded in 2012 and is headquartered in Helsinki, Finland. LocalBitcoins.com offers a variety of payment methods including cash deposits, bank transfers, and online payment processors. Users can also choose to trade Bitcoin in-person with other users in their local area. LocalBitcoins.com has become a popular platform for buying and selling Bitcoin due to its ease of use and the ability to trade with other users without the need for a centralized exchange.Place to buy Bitcoin

  2. Changelly.com

    is a cryptocurrency exchange platform that allows users to buy and sell cryptocurrencies with ease. The platform offers a simple and user-friendly interface, making it accessible to both beginners and experienced traders.

    Changelly.com supports over 150 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. The platform also offers competitive exchange rates, which are updated in real-time to ensure that users get the best possible prices.Place to buy Bitcoin

  3. coinmama.com

     is a cryptocurrency exchange platform that allows users to buy and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Cardano using credit or debit cards, bank transfers, or Apple Pay. The platform was founded in 2013 and is headquartered in Israel. Coinmama is available in over 190 countries, and it offers a user-friendly interface, fast transactions, and high-security standards. However, Coinmama charges higher fees compared to other exchanges, and it has limited options for cryptocurrencies.
    Place to buy Bitcoin
    Place to buy Bitcoin

  4. Gate.io

    is a cryptocurrency exchange platform that was founded in 2013. It is a global exchange that offers trading in a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. The platform is known for its high levels of security and reliability, and it has a user-friendly interface that makes it easy for beginners to use.

    Gate.io offers a range of features, including spot trading, margin trading, and futures trading. It also offers a range of trading tools, such as charts, order books, and trading history. The platform also has a mobile app that allows users to trade on the go.

    Gate.io has a strong focus on security, and it uses advanced security measures to protect user funds. It also offers two-factor authentication, withdrawal protection, and cold storage for user funds. The platform also has a 24/7 customer support team that can assist users with any issues they may encounterPlace to buy Bitcoin

  5. Poloniex

    is a cryptocurrency exchange platform that was founded in 2014. It allows users to trade a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many others. The platform offers advanced trading features such as margin trading and lending, as well as access to a range of trading tools and charts. Poloniex has a reputation for being a reliable and secure exchange, with a strong focus on user security and privacy. The platform is available to users worldwide, with the exception of a few countries that are restricted due to regulatory reasons

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