Latin America is making significant strides in the global crypto ecosystem. Nexo has joined the Fintech Association in Colombia, expanding its presence in the region. Worldcoin has launched its World ID verification service in Guatemala to address digital identity issues. Bolivia has experienced a surge in cryptocurrency activity since lifting its ban on digital assets, with stablecoins becoming popular for e-commerce and international transactions. Brazil is advancing in the development of its central bank digital currency (CBDC), with the second phase of the DREX pilot program testing smart contract-based financial services. Paraguay is developing Legaledger, a blockchain network aimed at providing secure solutions for public and private sectors.



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