This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COUruguay is next to regulate crypto.Since El Salvador’s Bitcoin debut, numerous countries have claimed that they are in support of the move and are actively in the process of writing legislation. Paraguay was the second Latin American country to propose crypto legislation, but their efforts left many enthusiasts disappointed when the bill failed to mention Bitcoin and fell wildly short of the efforts of El Salvador.Uruguay is shaping up to be the next country to release clear-cut regulations for consumers, investors, miners and developers. In the surface, the proposed bill looks more like Paraguay's than it does like El Salvador’s, but this isn't necessarily a bad thing.The bill contains 21 separate articles and is tough to parse for the casual reader. Bitcoin is not the focus of the legislation, but if passed, cryptocurrencies will be accepted as legal tender. Huge.The bill is written in Spanish and only one source has written about it so far. From what I have been able to surmise, it appears as though the bill as a whole is somewhere between El Salvador and Paraguay’s legislation. In many ways, El Salvador’s move is like MicroStrategy - extremely bold and Bitcoin-focused. I find it less likely that Latin American countries will adopt the same path as El Salvador, much like most companies are unlikely to go all in like MicroStrategy. Uruguay and Paraguay offer better examples of what the future of Latin American crypto adoption looks like.An 8-page bill with 20 articles is a great start. Other countries have either ignored the problem or released conflicting legislation, so any clarity by a sovereign nation is welcomed.Here is the entire bill, if you wish to read it. I used Google translate.In This Issue:Uruguay Is NextBitcoin Thoughts And AnalysisAltcoin ChartsBloomberg Remains Bullish On Bitcoin And EthereumMarathon Digital GrowingBinance Expands Its Payment CapabilitiesVoyager Also Moving Into PaymentsBrian Armstrong Criticizes Infrastructure BillThe Wolf Of All Streets Podcast Ft. Alex MashinskyMy Recommended Platforms And Tools
The Wolf Den #301 - Uruguay Is Next
The Wolf Den #301 - Uruguay Is Next
The Wolf Den #301 - Uruguay Is Next
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COUruguay is next to regulate crypto.Since El Salvador’s Bitcoin debut, numerous countries have claimed that they are in support of the move and are actively in the process of writing legislation. Paraguay was the second Latin American country to propose crypto legislation, but their efforts left many enthusiasts disappointed when the bill failed to mention Bitcoin and fell wildly short of the efforts of El Salvador.Uruguay is shaping up to be the next country to release clear-cut regulations for consumers, investors, miners and developers. In the surface, the proposed bill looks more like Paraguay's than it does like El Salvador’s, but this isn't necessarily a bad thing.The bill contains 21 separate articles and is tough to parse for the casual reader. Bitcoin is not the focus of the legislation, but if passed, cryptocurrencies will be accepted as legal tender. Huge.The bill is written in Spanish and only one source has written about it so far. From what I have been able to surmise, it appears as though the bill as a whole is somewhere between El Salvador and Paraguay’s legislation. In many ways, El Salvador’s move is like MicroStrategy - extremely bold and Bitcoin-focused. I find it less likely that Latin American countries will adopt the same path as El Salvador, much like most companies are unlikely to go all in like MicroStrategy. Uruguay and Paraguay offer better examples of what the future of Latin American crypto adoption looks like.An 8-page bill with 20 articles is a great start. Other countries have either ignored the problem or released conflicting legislation, so any clarity by a sovereign nation is welcomed.Here is the entire bill, if you wish to read it. I used Google translate.In This Issue:Uruguay Is NextBitcoin Thoughts And AnalysisAltcoin ChartsBloomberg Remains Bullish On Bitcoin And EthereumMarathon Digital GrowingBinance Expands Its Payment CapabilitiesVoyager Also Moving Into PaymentsBrian Armstrong Criticizes Infrastructure BillThe Wolf Of All Streets Podcast Ft. Alex MashinskyMy Recommended Platforms And Tools