Welcome to Latam Insights, a compendium of essentially the most related crypto and financial information from Latin America over the previous week. On this week’s version, El Salvador’s Nayib Bukele pronounces a go to to the U.S., a Panamanian crypto invoice will get launched, and Venezuela suffers after Trump implements secondary tariffs on oil purchases.
El Salvador’s Bukele to Meet Trump at White Home — Will Bitcoin Be on the Desk?
The go to, based on Bloomberg, confirmed by Bukele’s workplace on March 28, 2025, facilities on a U.S.-El Salvador deal by which the Central American nation accepted 238 alleged members of Venezuela’s Tren de Aragua and 23 MS-13 associates deported from the U.S. in March.
The U.S. paid $6 million to deal with the detainees in El Salvador’s 40,000-capacity Terrorism Confinement Heart (CECOT). Discussions may tackle cryptocurrency insurance policies, as each leaders champion bitcoin ( BTC). Bukele adopted bitcoin as authorized tender in 2021 and holds over 6,131 BTC ($504 million), whereas Trump established a U.S. strategic bitcoin reserve (SBR) in the course of the first week of March.
Bukele’s administration continues to purchase BTC every day, reaffirming its dedication in a March 2025 social media publish: “We’re not stopping.” Initiatives like “Bitcoin Metropolis,” a proposed tax-free crypto hub powered by geothermal vitality from a volcano, purpose to place El Salvador as a world cryptocurrency innovator. In line with the Bloomberg editorial, Donald Trump Jr. attended Bukele’s inauguration in June.
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Invoice Proposes Voluntary Cryptocurrency Acceptance in Panama
The “establishing a regulatory framework for cryptocurrency and blockchain utilization, and promote a digital financial system in Panama” invoice was lately launched to the Nationwide Meeting by Substitute Consultant Gabriel Solis, searching for to convey readability to the trade within the nation.
The invoice defines a number of key cryptocurrency ideas, introduces licensing and capital necessities for digital asset service suppliers (VASPs), creates a brand new establishment for supervising VASPs, and proposes giving tax incentives to crypto-linked firms.
As well as, the invoice contemplates the voluntary use of cryptocurrency for industrial transactions within the nation, opening the doorways for the beginning of a digital financial system in Panama. The determine of blockchain can also be proposed to streamline the property registry and public doc verification, tax funds, digital id tasks, and official doc issuance actions.
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Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement
The Trump administration’s announcement concerning the enactment of secondary tariffs on international locations that buy Venezuelan crude is already wreaking havoc, inflicting instability within the nation’s forex.
The Venezuelan bolivar, which had loved some stability as a result of authorities’s common injections of {dollars} into the nationwide market, has accelerated its loss in opposition to the U.S. greenback, passing the 100 VES per USD mark lately.
Analysts regarded this as disastrous for the nationwide financial system. Industrial transactions and costs have to replicate this improve, hurting Venezuelans who earn their wages within the nationwide forex.
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