Mexico is also Coming Forward with a Renewed and Friendlier Crypto Initiative

Mexico, the Latino neighbor of the United States, has recently introduced a renewed enthusiasm towards DeFi and cryptocurrency markets. Eduardo Murat Hinojosa is a representative in the federal legislative machinery. Hinojosa has recently told media that he is working on crypto favoring legal precedent for clearing obstacles in the way of crypto adoption by corporations in the region. 

The legislative framework is under construction at the Chamber of Deputies, which is equivalent to the lower house in the Mexican congressional system. To show his support for Bitcoin’s popularity and mainstream adoption, Hinojosa has also changed his Twitter profile picture with a Bitcoin laser eyes avatar. After the big announcement by El Salvador President for crypto adoption, more Latin American countries seem to take an interest in cryptocurrencies. 

Latin American Countries to Transform their Economy with Crypto Promotion

El Salvador and Mexico are not the only Latin American nations that have woken up to the crypto promotion economic boom idea. More tropical nations are making a beeline for taking their part in the ongoing crypto FOMO in the region. The highly incentivized invitations by the El Salvador president, Nayib Bukule, might have broken lose a crypto epidemic in the Latin American territory.

Smaller nations with a promising crypto outlook like Paraguay, Argentina, Brazil, Panama, and Colombia can be added to the list of such countries. By making legal sanctions, the lawmakers and government of these regions are trying to boost their economy and giving their residents a chance to get out of the rat race created by the central bank policies. A sizeable number of citizens in these regions are blue-collar workers who are part of the informal economy. 

Amazon Managed Blockchain (AMB) has posted a vacancy online, searching for a new head of department. The candidate is required to have extensive experience with the DeFi applications and possess blockchain technology expertise. The candidates would be responsible for cultivating the blockchain section for Amazon Web Service or AWS. 

It should be noted that AWS is considered to be one of the largest fintech enterprises in the world, next in value to tech giants like Google. A few months ago, AMB started allowing EVM-based applications to go live on their cloud platform. It is also synced with the Ethereum blockchain network through public nodes. Amazon may want to launch new products in the DeFi space shortly.

Leave a Reply

Your email address will not be published.

Related

ECB’s President, Christine Lagarde, Says Crypto Assets Have No Worth

In an interview, Christine Lagarde, the head of the European Central Bank, made it quite plain where she stands concerning the value of digital assets. Head Of ECB Label Cryptos As Worthless According to a survey by Politico, the head of the ECB noted her position on crypto. The ECB head stated that digital assets […]

UK Regulators are Investigating Terra’s Fiasco and Considering Crypto Rules

UK cryptocurrency market regulators are currently investigating Terra’s plunge. It began amid the recent cryptocurrency market massacre. The leading cryptocurrency in the market, BTC, fell as low as $26,000 during the market downturn. At the same time, Terra fell by about 100%. Terra’s Meltdown Under Investigation as UK regulators Consider New Crypto Rules While regulators […]

FTX Launches Stock And ETF Trading Option In The United States 

A prominent cryptocurrency exchange, FTX, is getting into the stock trading business. Soon, its users will be able to trade equities and exchange-traded funds on the platform.  Only A Few Users In The United States To Enjoy The Service  The Wall Street Journal reports that the firm Sam Bankman-Fried helped establish and serve as its […]

Major Australian Bank Shelves Crypto Launch Plan

CBA’s Crypto App Plan As previously mentioned last year, Australia’s biggest bank disclosed plans to let its users carry out crypto-related transactions on its app.  It has been taking its plan to develop the project but as not stated a particular time it will finally launch the project to the public. It also has plans […]

Crypto Investors Suffer from Lingering Fears

The Situation at Hand The drastic drop and decline that befell the digital asset market last few weeks have left a mark on the users and investors of crypto, with crypto coins and other assets experiencing their lowest of lows and even stablecoins being affected, it’s no surprise that both old and new investor is […]