The post Tether Bets $20M on Mercado Bitcoin to Accelerate Tokenization in Latin America appeared on BitcoinEthereumNews.com.
Key highlights: Tether has invested $20 million in Latin America’s Mercado Bitcoin The investment is part of the company’s vision to expand crypto services across the region The move comes amid Tether’s MiCA challenges in Europe Tether is strengthening its presence in the Latin American crypto market with a $20 million bet on Mercado Bitcoin, the largest on-chain financial services platform in the region. With this huge investment, Mercado Bitcoin could expand its tokenization business, payments infrastructure, lending services, and global operations. Tether to Invest $20 Million in Strategic Financing Round for Mercado Bitcoin to Accelerate Onchain Financial Infrastructure in Latin AmericaLearn more: https://t.co/HImBaiwaX3 — Tether (@tether) July 7, 2026 It is worth noting that the development comes amid Tether’s regulatory challenges in the European Union. Un
The post AscendEX Exchange Collapse Hands Europe Its First MiCA Test appeared on BitcoinEthereumNews.com.
The European Securities and Markets Authority (ESMA) launched its first supervisory sweep of licensed crypto firms on July 8, putting custody resilience under EU-wide review. It comes days after MiCA took full effect and popular crypto exchange AscendEX (formerly BitMax) collapsed. ESMA has not connected the two events. However, the timing hands regulators a live example of what failed crypto custody costs users. ESMA Custody Review Targets Crypto’s Weakest Point In its July 8 release, ESMA said the Common Supervisory Action (CSA) will assess how crypto-asset service providers (CASPs) manage custody risks. National regulators will examine a risk-based sample of authorized firms from late 2026 into early 2027. The exercise targets risks specific to distributed ledger technology (DLT). Reviewers will test governance, key and storage management, transaction controls, incident detecti
The post Nexo Card Goes Live In Argentina Under Andres Ondarra’s Leadership appeared on BitcoinEthereumNews.com.
Nexo, a popular digital asset wealth entity, is launching Nexo Card in Argentina. The development signifies a key moment for Nexo’s strategy for expansion in Latin America. As Nexo mentioned in its official announcement, the launch parallels Andres Ondarra’s appointment as Nexo Argentina’s General Manager, who previously served as an executive at Binance. Hence, this move signals a clear commitment to regional growth. Nexo Card Launches in Argentina to Boost Adoption of Digital Wealth With Nexo Card’s rollout in Argentina, Nexo endeavors to advance its Latin American strategy. This, at a time when Andres Ondarra has become Nexo Argentina’s General Manager, highlights the endeavors to turn Buenos Aires into its primary operational hub within Latin America. Together, the respective developments signify Nexo’s attempts to incorporate digital wealth instruments into daily financ
The post Tether Invests $20M in Mercado Bitcoin to Expand On-Chain Finance appeared on BitcoinEthereumNews.com.
Tether invested $20M in Mercado Bitcoin, Latin America’s top on-chain finance hub. Mercado Bitcoin holds over 10 licenses, serving 4.5 million users across Brazil. The funding will expand payments, tokenization, lending, and on-chain capital markets. Tether has taken a $20 million strategic stake in Mercado Bitcoin, the Brazilian company that has spent thirteen years building what is now the most comprehensively licensed on-chain financial platform in Latin America. The investment was announced on 07 July. Mercado Bitcoin started as a digital asset exchange in 2013 and has since accumulated a profile that most fintech companies spend decades trying to build. It holds a Payment Institution license from Brazil’s Banco Central do Brasil, runs broker-dealer operations, manages a securitization platform, and offers asset management services. It currently holds more than ten lice
The post EU Parliament Signals Potential Expansion of Crypto Regulations appeared on BitcoinEthereumNews.com.
The European Parliament recently approved a policy document that suggests enhancing the regulatory framework for crypto assets within the European Union, extending beyond current MiCA guidelines. While the paper does not alter existing laws, it presents a strategic vision for the digital asset framework in the EU. Continue Reading:EU Parliament Signals Potential Expansion of Crypto Regulations Source: https://en.bitcoinhaber.net/eu-parliament-signals-potential-expansion-of-crypto-regulations
ESMA's review under MiCA signals a shift to stringent enforcement, impacting crypto custodians' operational standards across the EU.
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The post Nexo bets big on Argentina with crypto card launch and new country chief appeared on BitcoinEthereumNews.com.
Nexo Card launches in Argentina with debit and credit modes for crypto users. Andres Ondarra will lead Nexo Argentina as General Manager from August 1. Buenos Aires is being positioned as Nexo’s regional hub for Latin America. Nexo has launched its crypto debit-and-credit card in Argentina, marking a deeper push into one of Latin America’s most active digital-asset markets and placing Buenos Aires at the centre of its regional expansion strategy. The launch comes alongside a leadership change, with Andres Ondarra appointed General Manager of Nexo Argentina. The company said the two developments mark the next stage of its growth in the country, where digital assets have become a mainstream part of wealth management for many users. Nexo described Argentina as a market where crypto adoption runs deeper than almost anywhere else, citing the highest share of digital-asset a
The post Nexo brings its dual-mode crypto card to Argentina and names Andres Ondarra as country head appeared on BitcoinEthereumNews.com.
Nexo, a digital assets platform, has expanded into Argentina with the local launch of its Nexo Card, coinciding with the appointment of Andres Ondarra as General Manager of Nexo Argentina. The moves position Buenos Aires as the company’s regional hub for Latin America, targeting a market where digital asset penetration ranks among the highest globally. The card gives holders two ways to use their crypto holdings without liquidating them: spending directly in debit mode, or borrowing against those assets as collateral in credit mode, with both functions accessible through a single interface. New cardholders receive 10% back on their first transaction, plus additional cashback and milestone rewards totalling up to $450 over the first three months, along with daily interest payments of up to 13% annually on idle in-app balances. The card has received
Nexo Card launches in Argentina with debit and credit modes for crypto users. Andres Ondarra will lead Nexo Argentina as General Manager from August 1. Buenos Aires is being positioned as Nexo’s regional hub for Latin America. Nexo has launched its crypto debit-and-credit card in Argentina, marking a deeper push into one of Latin America’s […]
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