A Spanish financial watchdog has issued a warning against Ethereum (ETH)-based token dubbed AlyCoin. As Financial Magnates reported on Nov. 18, the Comisión Nacional del Mercado de Valores warned the public against AlyCoin as it the coin is registered neither in Spain nor in the corresponding registry and thus promotes unregulated initial coin offerings (ICOs). Specifically, AlyCoin purportedly provides its customers with financial services in violation of the second paragraph of Article 17 of the Securities Markets Law. 82 million of independent tokens AlyCoin describes itself as an independent token based on Ethereum. The company’s ICO phase is scheduled to …

In this week’s news from the Spanish-speaking world, a Venezuelan official claims that all currencies will be replaced by cryptocurrencies, the Argentinian chief of the Banking Association criticizes fintech and crypto, and Spain offers prepaid visa card to teenagers that they can reload with crypto. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. "Currencies will be replaced by crypto," says Venezuelan official The Deputy of the National Constituent Assembly of Venezuela, Francisco Torrealba, said in an interview on national channel Globovisión that in the future all existing currencies will …

Five European Union member countries have reportedly teamed up to prevent the issuance of Facebook’s stablecoin Libra. Private meetings to turn EU against Libra Following a series of private meetings in October, France is reportedly leading the anti-Libra effort with Germany, Italy, Spain and the Netherlands, political news publication Politico Europe reports on Oct. 30. Citing sources familiar with the matter, Politico states that the countries’ deputy finance ministers have presented their unified position against Libra to other EU ministers at a private meeting on Oct. 28 in Brussels. According to the report, the group intends to prevent Libra from …

The Spanish-speaking world has seen major cryptocurrency and blockchain developments with a former Bolivian intelligence director claiming that Venezuela is full of secret crypto mining farms, extortionists who request Bitcoin (BTC) finding their way into Spain, and the Fintech Alliance of Latin America preparing a white paper on digital identity. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Former intelligence director: Venezuela is full of secret government-led mining farms Manuel Figuera, a former director of the Bolivarian National Intelligence Service, said that the Venezuelan government is secretly running crypto …

The Spanish-speaking world has seen another week of major cryptocurrency and blockchain developments with the Mexican government announcing a new alliance to support the development of blockchain initiatives. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Mexican government announces an alliance to support local blockchain development On Oct. 14, the Federal Ministry of Economy of Mexico and the Internet Association MX announced a set of measures to improve the development of government-led projects in blockchain technology. As part of the initiative, the ministry announced the establishment of a new …

The Spanish-speaking world has seen major cryptocurrency and blockchain developments with central bank representatives from all around the world meeting in Argentina, Spain developing various initiatives and projects based on blockchain and the Japan-based crypto exchange Bitpoint offering its services in Guatemala. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain: The Royal Mint chooses PwC to develop blockchain projects Cointelegraph en Español reported on Oct. 10 that the Spanish National Mint and Doorbell factory, Real Casa de la Moneda had chosen PwC to develop various initiatives and projects …

The Spanish-speaking world is seeing additional cryptocurrency and blockchain developments with the inauguration of a new blockchain campus at a Madrid university, a number of new allegations of crypto scams in the Dominican Republic, Mexico issuing professional certificates on blockchain and Æternity blockchain teaming up with the Digital Party of Uruguay. Here is the past week of crypto and blockchain news in review, with original reporting from Cointelegraph en Español. Blockchain campus at Madrid university gets inaugurated On Oct. 1, Cointelegraph en Español reported that a new blockchain campus was inaugurated at the headquarters of the Higher Technical School of …

Spanish-speaking countries made headlines this week, with cryptocurrency and blockchain-related developments on both the governmental and enterprise level. The Congress of the Republic of Peru spoke about the potential of blockchain tech, blockchain firm Aeternity revealed the development of a network that enables the management of the supply chain of medical cannabis, Venezuela’s central bank explored the possibilities of holding crypto in its coffers, and a subsidiary of Argentinian smart contract platform RSK purchased Latin America’s social media giant Taringa. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. The …

The Spanish-speaking world saw some major developments this week with Spain introducing a reinforced authentication system for payments, Mexico giving fines up to $47,000 for the unauthorized use of crypto and a South Korean blockchain delegation visiting Peru. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Mexico fines up to $47,000 for unauthorized use of crypto The Central Bank of Mexico will now impose fines up to $47,000 to those who are using crypto assets without its authorization. The bank believes that the use of crypto assets such as …

The Spanish-speaking world saw a number major developments this week, with several companies accepting cryptocurrencies as a form of payment and the Venezuelan government making new claims about the use and acceptance of the controversial Petro coin. Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain: Eurocoinpay introduces cryptocurrency payments On Aug. 24, Cointelegraph en Español reported that in Spain, Eurocoinpay introduced the possibility of making payments and collections with cryptocurrencies, through an application to make transactions in various shops. The firm's CEO, Herminio Fernández, reportedly said: “Eurocoinpay is a …

This week was an important one for crypto adoption in the Spanish-speaking world, with reports of a government ministry working on a token in an Argentinian province and a Venezuelan state airline accepting the country’s controversial Petro coin. Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain’s first “legal” ICO speaks on regulation On Aug. 22, Cointelegraph en Español spoke with Daniel Pons Ayala, founder and chief information officer of Spanish startup Cresio. The company claims to be the first legal initial coin offering (ICO) operating in Spain. Ayala shared …

Spanish banking giant Santander plans to expand Ripple-powered global payment solution to Latin America, a Santander spokesperson told Cointelegraph on Aug. 19. Citing rising transaction volume, Santander wants to expand Ripple’s xCurrent technology to a number of Latin American countries after first introducing the technology in Spain, Brazil, Poland and the United Kingdom in April 2018. U.S. payment corridor Specifically, the bank intends to enable zero-fee transactions from unspecified Latin American countries to the United States via a service included in banking apps called One Pay FX. To date, only customers in the U.K. and Spain can send money to …