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Welcome to Latam Insights, a compilation of the astir applicable crypto quality from Latin America implicit the past week. In this edition, Brazil issues a broad prohibition connected non-financial prediction markets, Hashrate Index highlights the imaginable for bitcoin mining maturation successful the region, and Brazil’s largest slope invests successful bitcoin mining.
Key Takeaways:
- On April 24, Brazil banned non-financial prediction markets, restricting aboriginal derivative trades.
- Hashrate Index sees Latam becoming a Bitcoin mining hub, fueled by Brazil’s 133% YoY hashrate growth.
- Itau Ventures invested $10M successful Minter to tackle aboriginal greenish vigor discarded via mobile Bitcoin mining.
Brazil Issues Ban connected Non-Financial Prediction Market Contracts
The National Monetary Council of Brazil has published a solution that issues a broad prohibition connected prediction market contracts related to non-financial underlying events.
Resolution No. 5,298, issued connected April 24, established that derivative contracts related to existent sporting events, virtual online gaming events, oregon existent oregon virtual events of a political, electoral, social, cultural, oregon amusement quality are prohibited successful the country.
Similarly, the solution establishes that derivatives tied to economical and fiscal benchmarks, including prices oregon complaint indices, securities indices, enslaved indices, involvement rates, and speech rates; oregon the prices of commodities, fiscal assets, and securities traded connected organized speech and over-the-counter markets, volition beryllium allowed.
The measurement comes aft a Technical Note from the Secretariat of Prizes and Betting (SPA), Brazil’s gambling watchdog, considered that prediction market platforms “simply reproduce the indispensable elements of fixed quota bets.”
Hashrate Index: Brazil and Venezuela Show Potential to Grow Latam’s Bitcoin Mining Share
While the planetary stock of bitcoin mining hashrate is dominated by nations similar the U.S., China, and Russia, Latam mightiness beryllium connected the verge of becoming a larger subordinate successful this market.
According to Hashrate Index’s “The State of Bitcoin Mining successful Latin America (2026)” report, portion Paraguay has the 4th spot of countries hosting the astir bitcoin hashrate with 43 EH/s and 4.3% of the planetary hashrate, Brazil and Venezuela person the imaginable to turn and crook Latam into a Bitcoin mining superpower.
Brazil, which has accrued its hashrate stock by 133% year-over-year, has opened caller opportunities for miners, arsenic they tin present negociate straight with companies successful the vigor procreation marketplace to fastener up tariffs, bypassing distributor tariffs and different surcharges.
Venezuela, connected the different hand, shows an untapped potential, arsenic it registers 5 EH/s adjacent nether the existent conditions.
Largest Bank successful Brazil Moves to Invest successful Bitcoin Mining
Itau, 1 of the largest banks successful Brazil, has turned its regard connected bitcoin mining and information centers.
According to section media, Itau Ventures, the bank’s concern arm, has made an undisclosed concern successful Minter. This institution seeks to lick 1 of the largest problems successful greenish vigor installations: curtailment.
Minter takes hardware that is usually confined to a fixed determination and combines it with mobile containers, turning these activities into initiatives that tin beryllium executed straight wherever renewables are generated.
The investment, reaching up to $10 million, positions Minter arsenic an alternate for each vigor producers seeking to leverage vigor that would beryllium wasted oregon not produced, backed by Itau’s name.
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