NEWS:
Trading volume in Latin America: The cryptocurrency trading volume in Latin America during 2025 is the highest since 2021, showing a recovery. Monthly volumes averaged USD 2.6 billion last year and surpassed USD 3 billion in 2025, approaching the levels of the bull market in 2021.
◦ Brazil is one of the top 10 countries in digital inclusion and advancements in the new economy. The Digital Real (Drex), an extension of the traditional Real, is under development, and Caixa conducted offline payment tests with Drex in the first quarter of 2025. On June 11, the federal government introduced Provisional Measure (MP) 1.303/2025, which imposes new rules for Income Tax. The Central Bank is still working on effective cryptocurrency regulation for the second half of 2025.
◦ Argentina made significant strides in tokenization, with the National Securities Commission (CNV) approving resolution No. 1069 on June 16, regarding the tokenization of real-world assets (RWA). President Javier Milei promoted the memecoin LIBRA on X on February 14, which caused an increase in its market price.
◦ El Salvador ceased to have Bitcoin as legal tender in January 2025, following a reform approved by the Legislative Assembly. Previously, it stood out as the only country that had adopted Bitcoin as legal tender.
◦ Mexico continues to move towards the development of an institutional digital currency (CBDC) with a launch scheduled for 2025.
◦ PayPal launched its own stablecoin called PayPal USD (PYUSD), backed by dollar deposits, short-term U.S. Treasury bonds, and equivalent assets. It is expected to be widely used in the Web3 industry.
