El Salvador has become the first country in the world to make bitcoin (BTC-USD) legal tender. The world's largest cryptocurrency is now formally part of the nation's economy following an announcement made by president Nayib Bukele's government earlier in June....
A major financial and retail company in Mexico, Grupo Elektra, will soon begin to accept payments in Bitcoin, according to the billionaire owner, Ricardo Salinas Pliego. Bitcoin payment use has risen significantly over the years, especially through the Bitcoin Lightning concept.
According to figures from Chile’s Central Bank, the cumulative figure for the first seven months of this year was US$14.8 billion, the highest figure for this period since records began.....
Chile has become South America’s “talent magnet”. According to official figures, applications for temporary work visas increased by 381% between 2005 and 2016 while, in the case of visas subject to a work contract, the increase reached 206%.....
While foreign companies represent less than 10% of the total number of companies in Chile, they represent 51% of the total taxes paid, 30% of the formal job market, 65% of exported goods and 85% of the country’s exported services.....
While policymakers at the U.S. Federal Reserve conduct a drawn-out discussion over the pros and cons of starting to withdraw their multitrillion dollar pandemic stimulus, south of the border the debate is already over. ....
In a highly positive sign for Latin America business and investment, the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) has significantly raised its predictions for growth in the region during 2021, offering a strong indication of economic reactivation in the wake of the global pandemic....
Argentina’s government has extended beef export restrictions until the end of October, prompting an angry response from producers. Exports will remain limited to half the 2020 average, said a resolution published in the Official Gazette, with existing exceptions (including the sale of some cuts to the United States and Israel) retained.
For more than a century, Venezuela and Guyana have been arguing about where their border should be — or at least Venezuela has. Last week, that long-running territorial dispute erupted again when Venezuela’s regime — and even its political opposition — issued an unusual joint statement insisting that three-fourths of Guyana actually belongs to Venezuela....
Colombian lawmakers have passed a tax bill set to raise $4 billion annually, the final step in long-running efforts by the government of President Ivan Duque to get a fiscal reform through Congress. Duque's government has insisted the law is vital at a time of rising debt, an expanding fiscal deficit and amplified social spending in response to the coronavirus pandemic....
Winemakers in Argentina and Chile are developing new techniques to elevate their offering, producing Cabernet Sauvignons to rival the world’s finest. Alejandro Iglesias profiles the regions to look out for and recommends top examples from each.....
Pablo Atchugarry, one of Uruguay’s leading contemporary artists, is planning to open the nation’s first contemporary art museum in the resort town of Punta del Este.......
Machu Picchu was never actually "lost", there were always local farmers living there but it had been lost to the outside world. Furthermore, Machu Picchu was never really an actual city or administrative center. The former Inca capital of Vilcabamba on the other hand is called the "Lost City of the Incas". Vilcabamba was the last refuge of the beleaguered Inca Empire from 1539 to 1572.....,
