NFTs, payments and conferences: Crypto in Latin The united states in 2021

In 2021, Latin The united states saw a hovering upward push in crypto adoption amongst the 20 worldwide locations and 14 dependencies that plot up the dwelling.

A slew of conferences, associations, new regulations and nonfungible token (NFT) projects to boot to the world bull market made closing year an sharp one for the dwelling.

Let’s bewitch a watch at a pair of of the most intriguing traits within the blockchain and cryptocurrency ecosystem in Latin The united states in 2021.

Colombian monetary corporations partner with crypto exchanges

Early in 2021, the Financial Superintendence of Colombia authorized several partnerships between banking institutions licensed within the nation’s monetary system and cryptocurrency exchanges.

The nine partnerships integrated predominant names from the cryptocurrency business similar to Binance and Tyler and Cameron Winklevoss’ Gemini. 

The regulator talked about that these approvals had been made internal a regulatory sandbox for checking out technological choices on this planet monetary market and ought to quiet private a trial length of up to 365 days.

Crypto recognition in Latin The united states

In 2021, the like a flash relate of digital currencies led some Latin American worldwide locations to officially witness their consume as a price instrument, no topic their popularity for volatility. El Salvador’s good recognition of Bitcoin (BTC) as factual refined — a world-first — made waves no longer handiest in Latin The united states nonetheless internationally.

Salvadoran President Nayib Bukele’s Bitcoin Law became once authorized by a majority vote within the country’s consultant body, the Legislative Assembly, and came into conclude in September.

In August 2021, Cointelegraph reported that the Central Bank of Cuba became once anticipated to witness cryptocurrencies similar to Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Tether (USDT) for business transactions and investments.

The president of the Central Reserve Bank of Peru, Julio Velarde, announced in November that the nation will partner with the central banks of India, Hong Kong and Singapore to plot its grasp central monetary institution digital foreign money. 

Blockchain events in 2021

Because lockdowns and subsequent confinement for the length of the COVID-19 pandemic, many blockchain corporations and organizations reevaluated their systems and took to cyberspace to meet up and support conferences.

Blockchain Summit Latam

The Blockchain Summit Latam convention is believed to be to be considered likely the most ideal crypto events in Latin The united states, selling the crypto and blockchain ecosystem within the dwelling. In September 2021, its Fifth edition hosted 100 professional audio system from the broader ecosystem.

Over 5 days, extra than 60 virtual areas hosted seminars and discussions sharp about blockchain technology. The matters integrated infrastructure and applications, the Ibero-American ecosystem, business, decentralized finance, blockchain within the primitive monetary system and extra.

LaBitConf

In November 2021, the ninth edition of the Spanish-speaking Latin American Bitcoin and Blockchain Conference, additionally called LaBitConf, became once held. The convention blended face-to-face and virtual conferences, and the agenda featured extra than 150 business consultants giving extra than 40 shows on matters similar to Bitcoin mining, the future of exchanges in Latin The united states, regulation, and privateness and safety, amongst others.

Cripto Latin Fest 

In December, the fourth edition of Crypto Latin Fest blended online and in-person conferences over two 14-hour days that comprises talks and seminars with consultants within the cryptocurrency home.

Well-known people from the crypto ecosystem in Latin The united states — similar to José Rodríguez, director of Blockchain Land at Abilities Land, and Elian Huesca, community lead for Latin The united states at Bitso — lined matters similar to blockchain, stablecoins, cybersecurity, legality, DeFi and crypto adoption.

Blockchain Land

The massive Spanish-language Blockchain Land convention — presented by the identical firm that produced Abilities Land Latinoamerica — launched for the first time in 2020 and became once broadcast concurrently within the Decentraland and Cryptovoxels metaverses.

The tournament, held in April, became once considered likely the most ideal Spanish-speaking events and became once belief to be to be the most innovative, because it became once broadcast concurrently in two virtual worlds novel on the Ethereum blockchain where the customers could additionally work together, talk and network.

NFT relate in Latin The united states

Last year, nonfungible tokens took off in Latin The united states and at some level of the globe.

In September, Argentine NFT marketplace SeSocioNFT opened up shop, selling and selling objects from Latin American artists. The platform reportedly plans to adapt objects created by assorted artists into NFTs in whine that they may be able to then be purchased on the marketplace.

The NFT relate resulted in the first digital art gallery in Ecuador, NFTs Exhibition UIDE hosted on the World University of Ecuador. The gallery became once starting up from Nov. 24 until Dec. 23 and displayed around 40 works by four Ecuadorian artists and 15 foreigners, valued at $160 million in total.

A collective of Venezuelan artists identified as La Tokenia, inaugurated their NFT exhibition on the Tezos network in December.

Meanwhile, in November, the Colombian authorities signed a mining contract with the Nationwide Mining Company that became once registered as NFT on the Ethereum-effectively matched GoChain blockchain.