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In 2021, Latin America saw a soaring emergence successful crypto adoption among the 20 countries and 14 dependencies that marque up the region.
A slew of conferences, associations, caller regulations and nonfungible token (NFT) projects arsenic good arsenic the planetary bull marketplace made past twelvemonth an intriguing 1 for the region.
Let’s instrumentality a look astatine immoderate of the astir absorbing developments successful the blockchain and cryptocurrency ecosystem successful Latin America successful 2021.
Colombian fiscal firms spouse with crypto exchanges
Early successful 2021, the Financial Superintendence of Colombia authorized respective partnerships betwixt banking institutions licensed successful the nation’s fiscal strategy and cryptocurrency exchanges.
The 9 partnerships included large names from the cryptocurrency manufacture specified arsenic Binance and Tyler and Cameron Winklevoss’ Gemini.
The regulator said that these approvals were made wrong a regulatory sandbox for investigating technological solutions successful the satellite fiscal marketplace and volition person a proceedings play of up to 1 year.
Crypto designation successful Latin America
In 2021, the accelerated maturation of integer currencies led immoderate Latin American countries to officially admit their usage arsenic a outgo instrument, contempt their estimation for volatility. El Salvador’s authoritative recognition of Bitcoin (BTC) arsenic ineligible tender — a world-first — made waves not lone successful Latin America but crossed the world.
Salvadoran President Nayib Bukele’s Bitcoin Law was approved by a bulk ballot successful the country’s typical body, the Legislative Assembly, and came into effect successful September.
In August 2021, Cointelegraph reported that the Central Bank of Cuba was expected to admit cryptocurrencies specified arsenic Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Tether (USDT) for commercialized transactions and investments.
The president of the Central Reserve Bank of Peru, Julio Velarde, announced successful November that the federation volition partner with the cardinal banks of India, Hong Kong and Singapore to make its ain cardinal slope integer currency.
Blockchain events successful 2021
As a effect of lockdowns and consequent confinement during the COVID-19 pandemic, galore blockchain companies and organizations reevaluated their strategies and took to cyberspace to conscionable up and be conferences.
Blockchain Summit Latam
The Blockchain Summit Latam league is considered to beryllium 1 of the astir important crypto events successful Latin America, promoting the crypto and blockchain ecosystem successful the region. In September 2021, its 5th variation hosted 100 adept speakers from the broader ecosystem.
Over 5 days, much than 60 virtual spaces hosted seminars and discussions focused connected blockchain technology. The topics included infrastructure and applications, the Ibero-American ecosystem, business, decentralized finance, blockchain successful the accepted fiscal strategy and more.
LaBitConf
In November 2021, the ninth variation of the Spanish-speaking Latin American Bitcoin and Blockchain Conference, besides known arsenic LaBitConf, was held. The league combined face-to-face and virtual meetings, and the docket featured much than 150 manufacture experts giving much than 40 presentations connected topics specified arsenic Bitcoin mining, the aboriginal of exchanges successful Latin America, regulation, and privateness and security, among others.
Cripto Latin Fest
In December, the 4th variation of Crypto Latin Fest combined online and in-person meetings implicit 2 14-hour days featuring talks and seminars with experts successful the cryptocurrency space.
Notable individuals from the crypto ecosystem successful Latin America — specified arsenic José Rodríguez, manager of Blockchain Land astatine Talent Land, and Elian Huesca, assemblage pb for Latin America astatine Bitso — covered topics specified arsenic blockchain, stablecoins, cybersecurity, legality, DeFi and crypto adoption.
Blockchain Land
The monolithic Spanish-language Blockchain Land league — presented by the aforesaid institution that produced Talent Land Latinoamerica — launched for the archetypal clip successful 2020 and was broadcast simultaneously successful the Decentraland and Cryptovoxels metaverses.
The event, held successful April, was 1 of the largest Spanish-speaking events and was considered to beryllium the astir innovative, arsenic it was broadcast simultaneously successful 2 virtual worlds existing connected the Ethereum blockchain wherever the users could interact, talk and network.
NFT roar successful Latin America
Last year, nonfungible tokens took disconnected successful Latin America and astir the globe.
In September, Argentine NFT marketplace SeSocioNFT opened up shop, promoting and selling pieces from Latin American artists. The level reportedly plans to accommodate pieces created by assorted artists into NFTs truthful that they tin past beryllium sold connected the marketplace.
The NFT roar led to the first integer creation assemblage successful Ecuador, NFTs Exhibition UIDE hosted astatine the International University of Ecuador. The assemblage was unfastened from Nov. 24 until Dec. 23 and displayed astir 40 works by 4 Ecuadorian artists and 15 foreigners, valued astatine $160 cardinal successful total.
A corporate of Venezuelan artists known arsenic La Tokenia, inaugurated their NFT exhibition connected the Tezos web successful December.
Meanwhile, successful November, the Colombian authorities signed a mining contract with the National Mining Agency that was registered arsenic NFT connected the Ethereum-compatible GoChain blockchain.
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