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El Salvador and Argentina have formed a strategic partnership to enhance the cryptocurrency industry in Latin America, focusing on regulatory collaboration and innovation. The agreement, signed by leaders from both countries, aims to foster a legitimate crypto market and promote knowledge sharing.El Salvador, a pioneer in adopting Bitcoin as legal tender, is also negotiating a multi-billion-dollar funding deal with the IMF, which may lead to adjustments in its Bitcoin law, allowing businesses to accept Bitcoin voluntarily.
Ukraine is set to legalize cryptocurrencies by early 2025, with new legislation currently under review that will impose taxes on crypto profits converted to fiat, similar to securities trading. The initiative, developed in collaboration with the National Bank of Ukraine and the IMF, aims to ensure financial stability and compliance with Anti-Money Laundering standards. Amid ongoing conflict, this move could provide secure financial tools for Ukrainians, facilitating cross-border transactions and safeguarding wealth.
Cryptocurrency ownership is rising globally, with notable increases in Mexico (8%), the Philippines (7%), and South Africa (7%). Emerging markets lead the trend, particularly Nigeria at 84%, while less than one-third of respondents in several developed countries own digital assets. Despite the growth, negative perceptions persist, especially in Europe, where cryptocurrencies are often associated with speculation and scams.
Cryptocurrency ownership is surging globally, particularly in emerging markets, with notable increases in Mexico (8%), the Philippines (7%), and South Africa (7%). Over half of respondents in Nigeria, South Africa, Vietnam, the Philippines, and India own crypto wallets, while interest in investing remains high in Asia and Africa, contrasting with skepticism in Europe and North America. Demographic disparities exist, with younger men showing greater understanding of cryptocurrency compared to women and older individuals.
El Salvador is expanding its role in the global cryptocurrency landscape by exploring partnerships with over 25 countries to share blockchain expertise and regulatory frameworks. This initiative aims to enhance digital asset governance, attract investment, and promote financial inclusion, despite concerns over cryptocurrency volatility and environmental impacts. The National Commission of Digital Assets oversees these efforts, positioning El Salvador as a potential model for other nations seeking to modernize their financial systems.
El Salvador is set to revise its Bitcoin law, making its use voluntary, as it approaches a $1.3 billion IMF loan deal amid economic pressures. The country has partnered with Argentina to enhance crypto regulation in Latin America, aiming to share expertise and promote innovation in the sector. Despite the shift, El Salvador remains a significant Bitcoin holder, with 5,942 BTC valued at $600 million.
Argentina has partnered with El Salvador to enhance its digital asset regulation, with the CNV collaborating with the CNAD to share expertise and improve oversight of cryptocurrency exchanges. This agreement aims to foster a secure environment for virtual asset service providers, leveraging El Salvador's advanced regulatory framework. President Javier Milei's administration is focused on integrating cryptocurrency into Argentina's financial markets, including the recent approval of foreign crypto exchange-traded funds.
El Salvador has signed a mutual agreement with Argentina to enhance their digital asset industries and is in discussions with over 25 other countries for similar partnerships. The collaboration aims to leverage Argentina's blockchain innovation and El Salvador's regulatory experience, promoting effective information sharing and regulatory frameworks. El Salvador emphasizes the urgency of establishing regulations to mitigate risks associated with scams and money laundering in the crypto space.
Anheuser-Busch InBev SA/NV, a leading global beer producer, operates in two main divisions: beer production, featuring brands like Budweiser, Corona, and Stella Artois, and the production and sale of soft drinks, including carbonated beverages and bottled waters. Sales are geographically distributed with North America accounting for 25.4%, Central America 27.5%, Latin America 20.3%, Europe-Middle East-Africa 14.5%, Asia-Pacific 11.5%, and others at 0.8%.
UBS has reduced its target price for Anheuser-Busch InBev to 70 euros while maintaining a 'Buy' rating. The company, a leading global beer producer, generates net sales from various regions, with significant contributions from Central America and North America. The last closing price was 53.02 USD, with an average target price of 72.54 USD, indicating a potential upside of 36.83%.
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