Latam Crypto Roundup: El Salvador Buys 1,100 BTC as Brazil Tightens Crypto Taxes
El Salvador quietly added nearly 1,100 BTC to its reserves during the recent downturn, reaffirming the government's long-running accumulation policy. The buy-the-dip move is significant for market watchers because sovereign purchases can underpin demand and signal continued state-level support for crypto adoption, even amid volatility.
In regional policy news, Brazil introduced new cryptocurrency tax reporting requirements that are likely to increase compliance obligations for exchanges and investors, potentially affecting on‑chain activity and tax visibility. At the same time Argentina’s Congress published a scathing report on Libra, intensifying scrutiny of stablecoin projects and Meta-linked initiatives; together these developments suggest Latin America is moving toward tighter oversight, which could reshape exchange operations and cross-border crypto services.