Belo Horizonte has been designated as Brazil’s “Bitcoin Capital” to foster advancements in cryptocurrency and education.
DL Holdings is investing USD 40 million in mining equipment located in Paraguay and Oman.
Bitget has been recognized by Animoca Brands for its Universal Exchange (UEX) model.
This week, significant developments have occurred across Latin America’s crypto landscape. From Brazil’s initiative to position Belo Horizonte as a Bitcoin epicenter, to DL Holdings’ substantial investment in mining operations across Paraguay and Oman, the region is solidifying its role within the global digital economy.
Belo Horizonte: Brazil’s New ‘Bitcoin Capital’
The mayor of Belo Horizonte has officially enacted Municipal Act No. 11,905, declaring the city as Brazil’s “Capital of Bitcoin.”
This initiative spearheaded by Councillor Vile Santos (PL) with approval from Mayor Álvaro Damião (União Brasil), aims to transform Belo Horizonte into a national center for cryptocurrency innovation, financial literacy programs, and blockchain entrepreneurship ventures.
The legislation was rapidly passed by the City Council with widespread political backing. It strategically seeks to draw investments that will boost local economic activity while fostering digital asset development.
Annual events celebrating this new status will be added to the city’s official calendar—enhancing tourism prospects and opening up fresh economic opportunities within an expanding crypto ecosystem.
Apart from symbolic recognition, practical measures are laid out for cultivating a sustainable crypto economy through this law.
It requires initiatives such as research programs along with workshops designed specifically for entrepreneurs or students alike—ultimately aiming at increasing public understanding regarding blockchain technologies alongside improving overall financial literacy levels among citizens too!
Local tech companies stand poised potentially benefiting from more favorable conditions conducive towards innovation coupled together alongside increased investment flows into their sector .
Experts emphasize education plays crucial role ensuring all social sectors reap benefits thus laying groundwork long-term inclusion plus skilled employment growth .
With forward-thinking approach , Belo Horizonte positions itself not only leading example nationally but also globally demonstrating how digital finance combined effectively public policy can shape future economies worldwide .
DL Holdings Increases Mining Capacity with $40 Million Investment
DL Holdings entered two binding agreements BITMAIN acquiring nearly three thousand Antminer S21 water-cooled machines financed via Antalpha support services included installation sites located both Oman Paraguay respectively providing full operational maintenance assistance throughout process involved here too!
Following previous purchase totaling twenty-two hundred units company now invested over three hundred twenty million HKD approximately forty million USD resulting computing power reaching around two point one million TH/s capacity overall achieved thereby enhancing capabilities significantly further still !
< P Andy Chen Chairman expressed confidence Hong Kong virtual asset regulations long-term potential decentralized finance underpinning decision undertake large-scale venture shift strategy traditional allocation methods direct involvement bitcoin infrastructure instead opting build own hash rate generating revenue industrial scale operations directly themselves rather than secondary market purchases alone previously relied upon solely before now changed course completely moving forward accordingly so !” /P/
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