Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins
Grupo Salinas, one of the largest business conglomerates in Mexico, with dozens of companies, has partnered with Anchorage Digital, a services company, to integrate in its cross-border payment flows. Coinpro, a platform owned by the group, will integrate Anchorages Solutions for Banks to “compress settlement cycles” in its cross-border operations. Anchorage claims that its solution offers international institutions the ability to include stablecoin-based operations with embedded compliance for cross-border payments and treasury operations. Nathan McCauley, co-founder and CEO of Anchorage Digital, stressed that were moving to become core bank infrastructure. “Grupo Salinas shares our conviction that digital dollars will power the next generation of cross-border finance, and were proud to partner in bringing that vision to life,” he declared. Brazil Slaps Banco Topazio With $3.2M Fine and 2-Year Trading Ban The Administrative Sanctioning Process Decision Committee (Copas) of the Central Bank of Brazil imposed a two-year ban on Banco Topazios foreign cryptocurrency trading operations due to irregularities in transactions accounting for billions of dollars. The committee determined that Banco Topazio disregarded compliance measures between October 2020 and September 2021, when it executed cryptocurrency purchases without executing procedures to determine the qualification of the third parties benefiting from these operations. Banco Topazio‘s trading volume during that period








