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Latam Insights: Venezuelan Oil Flows to the US Again, El Salvador Buys the Gold Dip

By bitcoin.com
Feb 1, 2026
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Citgo’s Venezuelan Crude Purchase Signals a Turn in US Policy

The U.S. has steadily advanced on this front since Nicolás Maduro was captured by U.S. forces at the direction of President Trump on Jan. 3, 2026. Maduro was transported to the United States, held at the Metropolitan Detention Center in Brooklyn, and charged with offenses that include narco-terrorism conspiracy and conspiracy to import cocaine. Maduro entered a not-guilty plea on Jan. 5–6, 2026.

El Salvador Buys the Gold Dip, Adds 9,298 Ounces to Its Reserves
Latam Powerhouse Nu Receives Approval to Launch Digital Bank in the US

São Paulo-based Nu, one of the largest Latam-focused digital neobanks, is ready to jump north.

With over 127 million customers across Brazil, Colombia, and Mexico, Nu is now expanding to the U.S. after reaching a significant milestone. Nu has received conditional approval from the Office of the Comptroller of the Currency (OCC) of the United States to take the first steps toward launching a national bank, Nubank N.A.

With this approval, Nu, which operates the Nubank platform, is now in the first stages of organizing the bank, dealing with satisfying the requirements specified by the OCC. This includes the capitalization and launch of Nubank N.A. during the next 18 months.

FAQ

What significant action did Citgo take regarding Venezuelan crude oil?Citgo acquired Venezuelan crude oil for the first time in seven years, signaling a shift in U.S. policy following the capture of Nicolás Maduro.

What recent development occurred with Nubank in the U.S. market?Nubank received conditional approval from the OCC to launch Nubank N.A., marking its expansion into the U.S. after serving over 127 million customers in Latin America.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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