Key facts
- The US has targeted Brazil's Pix payment system in a USTR report.
- Chile has dismantled a cryptocurrency laundering group associated with Tren de Aragua.
- A sugarcane-powered Bitcoin mining project is gaining traction in Brazil.
This edition of Latam Insights covers significant cryptocurrency-related developments in Latin America. The United States, through a USTR report, has raised concerns regarding Brazil's Pix payment system, suggesting it may restrict trade. In a major law enforcement action, Chile has successfully dismantled a cryptocurrency laundering operation linked to the criminal organization Tren de Aragua, seizing assets valued at $88 million. Additionally, Brazil is seeing progress in a unique Bitcoin mining initiative that utilizes sugarcane as a power source, highlighting innovative approaches to energy consumption in the crypto space.