South America

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.

Argentina

Binance to Collaborate With Argentina’s Government on Blockchain Projects: In order to co-invest in a series of blockchain related projects, Binance is planning to join hands with Argentina’s government, notes a report.

The government will collaborate with LatamEx (regional exchange) and Binance Labs (Binance’s innovation arm).

Previously, Binance announced that Buenos Aires will be chosen as its Latin American hub before the upcoming round of development. According to the report, USD 50000 will be funded by the government for around 40 blockchain projects over a span of four years.

Brazil

Brazil May Regulate Crypto Sector Again Following GAFIT Request: Financial Action Task Force (GAFIT / FAFT) requests Brazil to adopt similar regulations for both crypto exchanges and banks. According to a media report, crypto sector may suffer a setback as Brazil may decide to respond to the said request. On 22 February, a meeting was held in France and it was decided to regulate crypto services providers. In the previous week, the G20 group (responsible for the regulations) requested the participating countries (35) to consider the crypto sector the same as the banking sector.

Brazil to Present Blockchain Related Articles in an International Conference on Accounting: During the 2nd International Conference on Accounting, Brazil will report the potential of digital assets in transforming processes in the public sector. The said congress will be held during the month of March in Portugal, states media outlets.

The article titled “Use of Blockchain Technology as an Instrument of Digital Governance in the Public Sector” will be presented by the vice-rector of the University of Brasília.

The theme of the conference is “Financial Management Reform – Challenges for Research and Practice”.

Brazil Ranked as the Fifth Largest Country to Own Cryptocurrency: Brazil has been ranked as the fifth largest country in the world with respect to the Bitcoin and digital currency owners. Global Digital Report issued the recent rankings, placing Brazil above China, Japan, and the USA. Around 8.1% Brazilians (aged between 16 and 64) own some kind of digital currency. On the other hand, the world average is around 5.5%, noted the report.

A new level of security can be achieved by using blockchain technology, maintained CargoSnap’s co-founder Daniel Lins: Lins recently highlighted the importance of investing in technologies that can ensure risk management. Risk management that can be done by using tamper-free certifications or that can identify the person who did the tampering are very crucial, he added. By using blockchain technology, a new level of security and protection can be achieved.

Brazil’s Legislative Chamber Refuse to Accept Blockchain Backed Digital Signatures: The Legislative Chamber of the Federal District has refused to accept blockchain backed digital signatures, according to a report. The chamber maintained that the digital method of obtaining the signatures is “invalid”.

The project, named as Cheapest Chamber, was initiated by Institute of Society and Technology of Rio (ITS-Rio). In order to present a bill to the legislature, ITS-Rio digitally collected the necessary signatures. However, the Legislative Chamber has refused to accept those signatures.

Director ITS-RIO, Rolando Lemos stated that it is unfortunate that less secure and much difficult to obtain physical signatures are preferred over digital signatures.