Key Takeaways:
The USTR targeted Pix under Section 301, stressing that it hurts U.S. commerce to impose trade sanctions on Brazil.Chile caught 18 Tren de Aragua-linked crypto money launderers, estimated to have processed $88M.Tether-backed Adecoagro is building a sugarcane bitcoin farm to drive green mining in Brazil.On the “Notice of Determination and Request for Comments Concerning Action Pursuant to Section 301,” the USTR claims that “the acts, policies, and practices of Brazil related to its preferential treatment of Pix are a burden or restriction on U.S. commerce by imposing costs on U.S. services providers and by forcing U.S. providers to promote their Brazilian competitor, without compensation.”
Chile Busts $88 Million Crypto Laundering Ring Tied to the Sanctioned Tren de Aragua CartelJuan Carlos Pérez Asencio, a Venezuelan national who served as Banco Santander’s recovery executive since 2019, played an important role in providing the group’s tools to effectively carry out its operation.
Sugarcane-Powered Bitcoin Mine to Launch in Brazil With Tether BackingAccording to local media, Matheus Lechuga, project manager at Adecoagro, presented this initiative as part of the “Roots of the Future” agenda, demonstrating the company’s future operations in Mato Grosso do Sul.
He stated:
