Latin American Digital Money

Paraguay could house the largest crypto mining farm
Paraguay could become a Criptomoneda mining centre in the near future.. The information was published by the “Foundation of Commons” a few days ago.

Crypto Mining Hub of Paraguay
Paraguay wants to become a cryptographic mining center, not only in the United States but also in the whole world. In a press release, the Commons Foundation announced at the beginning of the month a contract to establish “the largest Criptomonedas mining center in the world” in eastern city. The contract was supported by the government.

With this agreement, there will be five mining centres near the ‘ Itaipu ‘ hydroelectric plant. In addition, the association includes stable electricity prices for 15 years. It also includes the installation of high-speed Internet networks and the establishment of laws for all related businesses for this project.

“Only 10 to 20 percent of electricity is produced at the Itaipu hydroelectric plant and consumed in Paraguay. More than 80 percent of its electricity is exported abroad. We will build the world’s largest mining center in Paraguay using abundant and low-cost clean energy. “

The foundation’s plans include a virtual currency exchange. The intention is to use MicroBicoin (MBC), an open source project to which the Foundation contributes to the gains generated by the exchange and cryptographic mining activities.

With the support of the Government of Paraguay, the foundation will carry out a pre-sale and a IEO (initial Exchange Offer). The Government of Paraguay will grant tax exemptions through constitutional revisions, according to Hugo Velázquez Moreno, Vice-president of the country.

Criptomoneda miners tend to be located in places with low electricity costs and low temperatures. Although Paraguay does not have the cold winters that other countries have, it provides clean and cheap electricity through the Itaipu hydroelectric plant.


Paraguay wants to find a place in the South American market for Bitcoin, Criptomonedas and block chain technology.

The first Blockchain association is established in Mexico

The first blockchain association in Mexico has been formed, its founding members include industry players such as the software firm Blockchain ConsenSys, according to Forbes Mexico on November 28.

The Blockchain Association of Mexico was established by Bitso, Volabit, BIVA, GBM, Lvna Capital, ConsenSys and exponent capital companies. The aim of the organization is to educate citizens on the deployment of technology and its potential applications.
The association is reportedly intent on developing standards and practices before technology becomes the mainstream.

. The sectors in which they visualize benefits when implementing this technology are the financial, government, insurance, consumption, media and telecommunications, tourism, pharmaceutical and health. “

The association is supposedly open to new members. The director of BIVA, María Ariza, said that “we want to generate a space for debate and public policies.

Criptomoneda industry leaders and the block chain have launched several partnerships to facilitate the adoption of technologies and work with regulators to develop comprehensive standards. On November 27, ten financial and technological firms established the Digital Asset Markets Association (ADAM) to create a “code of conduct” for the Criptomoneda sector.

Among the key objectives of Blockchain México are to educate, promote and create community, as well as generate best practices, a mission that will be achieved through alliances, forums, talks and dissemination on the use, benefits and impact of technology and alliances .
In September, a group of U.S.-based blockchain and crypto companies, including Coinbase, announced the establishment of the Washington DC-based Blockchain association. and the treatment of Criptomoneda by U.S. tax law.

Meanwhile, in September, the Bank of Mexico (Banxico), backed by the Mexican state, announced that all encryption exchanges and banks providing encryption services in Mexico will be required to receive a permit from the bank. To obtain one, a company that operates in digital currencies must provide a detailed business plan with a description of its operations, the commissions they plan to collect and the mechanism they will use to verify the identity of the client.

With this organization, Mexico joins other countries that already have associations of this type, such as the United States, Brazil, Colombia, Canada, Japan and the European Union.
Seek to incentivize technology in the next government
Among other things, Blockchain Mexico seeks to become a benchmark for the next government to turn to see the chain of blocks as an option to apply in their processes, especially those related to transparency.

The members of the Agency have held meetings with Arturo Herrera, future undersecretary of finance. Although there is not a specific project so far, they believe that the next administration will promote the use of fintech to encourage financial inclusion.
The undersecretary of expenditures of the Ministry of Finance of the following government, whose tenure until recently would be occupied by Gerardo Esquivel, was interested in implementing such technology in their processes, explained members of Blockchain Mexico.

Venezuela’s largest store accepts Bitcoin payments

Venezuelan citizens have been increasingly using the Criptomonedas, as the nation’s fiduciary currency, Bolivar, has lost its value due to hyperinflation.
A Reddit user from Venezuela has purchased more than 800 items with the bitcoin (BTC) donations he received.
One of the largest department stores in Venezuela began accepting payments for Criptomonedas. According to the Reddit user, U/imvito, donations from several people allowed him to buy more than 800 items (mostly school supplies and clothing) for US $260 in the Criptomoneda insignia, Bitcoin.

He also noted that the Venezuelan retail store was accepting payments in Dash, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). In addition, the Reddit user said that generous cryptographic donations were a sign of “real help” and “real adoption” of digital currencies.

Increase in bitcoins trading volumes in Venezuela
As CryptoGlobe recently reported, Bitcoins’s trade volumes in Venezuela through the peer-to-peer Criptomonedas Exchange Service (P2P) LocalBitcoins have increased considerably. This can be attributed in large part to the increase in inflation rates in Venezuela and the country’s struggling economy.

As covered, the Venezuelan government has launched its own Criptomoneda (Petro), however, thorough research has revealed that there is no evidence that the state-backed digital currency is used in international transactions or Everyday.

In other countries that have been targeted by US-led economic sanctions, such as Iran, there are also signs of an increase in the adoption of Criptomoneda. But the trade in digital assets can no longer be as simple as it had been for Iranian citizens.

Binance forced to ban Iranian users from their exchange
This, as large cryptographic exchanges like Binance, Bittrex and BitMEX have moved towards banning users linked to IP addresses in Iran and those who have completed their client’s knowledge controls (KYC) using Iranian passports.

Local sources in Iran recently reported that they had received emails from Binance’s customer service team who told them to withdraw their exchange funds.

North Korea uses “enablers” to organize cryptographic scams
However, the reports suggest that North Korea may also be making a misuse of digital currencies to participate in highly exploitative activities, such as trying to raise funds through “vast” and “illicit” networks.

In particular, a cyber security company, the Insikt group, discovered that North Korea’s leadership has been using advanced Internet tools to communicate with its “empowerers” in Singapore, Thailand, and other countries. These “facilitators” are reportedly helping the North Korean government orchestrate scams related to large-scale block chains and cryptography.

Bus companies in Brazil accept Criptomonedas..


Two major passenger bus companies in Brazil have begun accepting payments with Criptomonedas for ticket sales. Companies say they are the first in the sector to accept encrypted payments in the country.

Three Criptomonedas
Two public transport companies in the GBS Group have decided to accept payments in Criptomonedas. Brazil Sul and Viação Garcia began accepting BTC payments for online ticket sales on June 6th. The crypto payment option has already been added to your websites.

The companies wrote: “In the country, it is the first group of passenger transports that accepts” crypto payments, and adds that:

The group initially opted to use Bitcoin (BTC), the most popular virtual currency on the market today… [and] In July, two other criptomonedas will be accepted: Bitcoin cash and Litecoin.

Viação Garcia was founded in 1934. Today, the company is one of the five largest companies in Brazil in the sector, says its website.

Meanwhile, Brazil Sul’s website claims that the company “has the newest and most modern fleet in Brazil.”
Buy tickets with Criptomonedas
Both companies explained on their websites that “by choosing the bitcoin option [payment], the customer should open their wallet and scan the code that appears on the site’s screen.” The purchase is completed after the customer confirms the order.

The voucher will be sent to the customer’s email address to confirm payment and shipment, both companies scored in a similar way

The criptomonedas represent changes in financial relations. Facilitate online purchases. Many of the economic and trade operations are migrating to the digital world and the road passenger transport segment cannot be different.

What do you think of the two companies that accept Criptomonedas? Let us know in the comments section.

Uruguay will carry out its own digital currency essays..


Uruguay is the last country to see that its central bank begins to experiment with its own digital currency, according to statements.

The Central Bank of Uruguay (BDC) announced last Wednesday that a limited number of users would help to test a mobile application for the transfer of funds.

BCD President Mario Bergara said that the digital currency would work as cash, allowing balances to be passed between individuals.

According to a report by the Latin American Herald Tribune, he explained:

It is not that you use the phone to sort money transfers, as you do today, but have bills on your phone and be able to pass them from one user to another.

It is still unclear whether the digital currency will work on a block-based platform, but central banks around the world, including Canada and the United Kingdom, have studied technology during similar trials.

Although no release date was announced, the pilot is “quite close” to launch, according to Bergara, with certain technological aspects of the program yet to be finalized.
Central banks around the world have been investigating new ways of issuing their own digital currencies, even through distributed books. Earlier this month, a Bank of England researcher published a blog on the subject, arguing that, regardless of its underlying technology, a digital currency emitted by the central bank would need “extraordinary” levels of resilience To succeed.

Cryptobuyer installs the first ATM (BTM) in a commercial bank of PANAMA..


The leader in Criptomonedas and digital assets Cryptobuyer of Latin America has become the first company to install Bitcoin ATMs (BTMs) in a commercial bank.
The BTM was installed by Cryptobuyer at the local headquarters of Banco Banistmo in Panama. The cashier’s installation was followed by the recently concluded event of the Panamanian Association of Fintech. Cryptobuyer was a participant in the event, who saw the participation of the members of the banking and finance community as well as the general public.


The executive Director of the company Jorge Luis Farias was part of one of many panels of industry experts that the magnitude and application of blockchain technology in the event. The event was visited by more than 300 people from various segments of the industry. Cryptobuyer’s participation in the event coincided with a recent Bloomberg report, which covered the company and its use of blockchain technology to solve real-world problems for citizens of developing countries such as Venezuela.

Farias was assisted by Tigo CTM CEO Cindy Zimmerman and founder of Guldcoin Ira Miller, both Cryptobuyer technology partners while showcasing the two chloride installed within the bank’s facilities.
The two cutting edge machines support Bitcoin and DASH and were well received as many people lined up to the Test team. Crypto Buyer has plans to install at least 20 BTM in Panama and the rest of South America as the first phase of its effort to create a cryptocurrency ATM network in the region.

Daniel Diaz, Global Business Developer on the board, also participated in the panel talks about the advantages of sprinkling as one of the most promising cryptocurrencies. According to this opinion, Cryptobuyer announced in the event that the BTM would also support the board.

CIO de CBChains.com – a venture capital, home and consultancy firm Blockchain, Yari Romero was also present at the event, along with other personalities Alejandro de la Torre de BTC.com, Felipe Echandi founder of mobile payment application digital Quanto and PanaFintech, Alejandro Palomar de Blockchain 360 soluciones and KPMG Glenn Tjon.

Alejandro de la Torre de BTC.com flew from Amsterdam to demonstrate the use of Bitcoin wallet and give away more than 100 BTC.com wallet gift codes. Tjon held a talk about distributed technology accounting for global organizations while Palomar discussed blockchain technology is general with interested participants.

After presentations of the group, Cryptobuyer announced its entry into the campus of technology and innovation of City of Knowledge (city of knowledge) to establish the base with 180 world-class companies and organizations such as the United Nations, Copa Airlines, IESA and Hewlett-Packard.

The final news of the event of the Panamanian Association of Fintech was the announcement of ICO of Cryptobuyer, with specific details that are expected in the coming weeks. The company hopes to expand its business model and operations with new products.

BE COIN-scam affects more than 150mil in Colombia..

Only in Medellin a man deposited 80 million pesos. Denunciations of the scam come even from other Latin American countries.
Me-Coin boasted to have more than 120,000 “partners”, it is not difficult to make accounts to know the large amount of foreign money they handled. The first month worked perfect and everyone received their profit and capital.
I start this little article clarifying that I do not use my real name because, well know, that in Colombia everything is risky, even tell the truth. I also clarify that I am a fervent admirer of the bitcoin and other Criptomonedas as part of the future (or present) world economic model, which can no longer be ignored by the traditionalists and banking of different countries, who see in these currencies As competences of the banking schemes.
What the bitcoin can be used to buy drugs, to make pyramids, etc? Right, is the dollar, the euro and the peso not? Of course it does, although the character of anonymity and ease makes the Bitcoin pay a little more for these schemes. As an example we have the past global cyber attack called WannaCry, a ransomware that was able to “hijack” the information, Encriptándola and requesting a bitcoin to send the decryption key. Without doubt, the Bitcoin facilitates this payment and above all, hinders the physical location of the criminals.

But the bitcoin is not the main topic of the article, which is more a complaint. Next, I will explain the case of the most recent Me-Coin.com pyramid.
Me-Coin, a Colombian pyramid
For no one is secret the need for money that Colombians have in this year. A 2017 of much difficulty due to the increase in taxes, the economic downturn and the wonderful decisions of our rulers.

When we are presented with a company that promises to pay you in a month 50% more invested capital, we can not stop feeling at least some curiosity.

Me-Coin is a company (or was, I have no clear), which promised a return as well, but in bitcoins, ie you gave them a quantity in bitcoins and delivered in a month 50% plus the capital, fractionated all in daily payments, direct to your personal bi wallet Tcoins. In addition, they granted bond income under a matrix scheme, upon entering referred.

Taking into account that the Bitcoin could have been a month ago in US $1,900, and now in $2,500 and knowing that you invested a quantity and gave you return the 50% more (less commissions of course), the business did not paint anything wrong. They had plans of 0.12 BTC, 0325 BTC, 0, 52BTC, 1.05 BTC, and others.

If you invested 1.05 BTC to May 5 that the bitcoin was at US $1.565, it was an investment of US $1.643,25 Open the account. Per month, in your wallet you would have a total of 1,375 BTC (discounting commissions and transaction costs) and a Bitcoin value of US $2,500 a day of June 5 would give a result of $3,437.5. I mean, I could get a profit of US $1.794,25. Not bad right? Well, this scheme began to work like this since April 17, 2017.
To this day, Me-Coin boasted of having more than 120,000 “partners”, it is not difficult to make accounts to know the large amount of foreign money they handled. The first month worked perfect and everyone received their profit and capital.

In the second month everything began to collapse and the lies did not take long to get afloat. First, the payments transactions of Me-Coin to the personal bitcoins wallets of the members were lost; In front of this they opened a web support channel without giving a prompt response to the problems. Days later they said they found the problem: according to them it was due to an API programming problem that made the payments. An API is a programming routine set for a specific target.

Then they began to announce a fourth method of investment: Me-Coin Store, in which you could get juicy profits under a scheme of points in a virtual store, of course, to enter this store (which never existed or announced its name), had to pay A membership. Many did and so again the coffers of Me-Coin were filled in great shape.

Days later they stopped paying, the last payment was made on May 27th. Of course, they took out a communication a week later announcing that they had been victims of hackers and their accounts had been emptied Who’s behind Me-Coin?

Before I say, how did I know Me-coin? In the month of April I learned about a new business opportunity: There was a presentation of the company at the hotel Barranquilla Plaza. The best style of the big companies recognized by their payment schemes and bonuses was presented to us Mr. Silfredo de Jesús Camargo under a spectacular framework of lights, bright pieces and much knowledge of the economy of the bitcoin. That day was the launch of Me-coin.com. However, as an omen, the page never worked, the application failed, however, the unwary there we continue to awe hopeful in an opportunity to improve our economy.

Almost a month later the platform began to operate, the vast majority of attendees to the hotel event in Barranquilla and many others occurred in several cities of the country we opened plans under the premise and the eagerness to do it soon, before the bitcoin went up more and for or Btener a good position in the binary network – alias Pyramid. Where, if you were in a good position, the location would allow you to get benefits for all the people who opened plan below you. Ask now, who is the person who is first in the network of Colombia? Of course, Silfredo Camargo, who would begin to receive earnings from inscribed people who in his life would know.
So a good month passed, we all received good earnings and the possibility of reinvesting, which is certain that the vast majority would do. None of us expected that the 25th of May would leave the platform to pay. Ah, but it did allow me to keep opening plans, or investment centers as they called him.

Recently, Mr. Silfredo Camargo published a video where he boasts of his good life as he walks on a yacht in the islands of the Rosary. His famous phrase is “living the Bitcoin life.” The funny thing about the video is that it was aired on May 30, when the platform days before had stopped operating. The last thing that was known was that Mr. Camargo had left the country.