<p> <strong> LATAM Insights: Collection against Libra founders, Bitcoin law draft in Brazil and Venezuela's plans for the dedollarization of trade </strong> </p>

LATAM Insights: Crypto and Economic News from Latin America

Welcome to Latam Insights, its compendium of the most relevant crypto and economic news from Latin America last week. The focus is on some significant developments: The founders of Libra are confronted with a class action, a draft law for paying wages in Bitcoin is submitted in Brazilian congress, and a Venezuelan minister expresses that 25 % of international trade can be wrapped without the US dollar.

Libras 'misleading start' is about a crime action

la Libertad Avanza, better known as the Libra token, faces the first class action in the USA. Burwick Law recently announced that this lawsuit be submitted to the Supreme Court of New York. The lawsuit claims that the parties behind the token have orchestrated an unfair token launch, which allegedly led the buyer and damaged small investors.

Although the lawsuit of President Javier Milei's support as crucial for creating an appearance of "legitimacy and significant investment value" for Libra, he is not directly accused of facilitating the alleged scheme. The sister of Milei, Karina Milei, also mentioned, is not mentioned. Nevertheless, other parties associated with Libra are listed as a defendant in the complaint.

wages paid in Bitcoin? A draft law in Brazil could enable

A new bill that was brought in in Brazilian Congress aims to regulate the payment of wages and other work -related obligations in Bitcoin. The draft law entitled "Regulation of the payment of salaries, remuneration and working advantages with the use of virtual assets" enables workers to legally receive part of their salary in Bitcoin or another virtual asset.

The bill introduced by Luiz Philippe de Orleans e Bragança must be checked and recognized by the House of Representatives before he reaches the Senate. In the event of adoption, workers could receive up to 50 % of their wages in Bitcoin, provided that there is mutual approval of workers and employers. The value of the assets must be certified by a position authorized by the central bank.

Venezuelan minister expresses that 25 % of trade can be handled without US dollars

International trading markets are increasingly developing to expand their opportunities for the use of currencies beyond the US dollar. This opinion is represented by Venezuelan Foreign Minister Yvan Gil, who highlighted the trade changes that a multipolar world brings with regard to international accounting.

In a recently published article on the 80th anniversary of international relationships with Russia, Gil found that this development was possible through the rise of Brics block, an organization from Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates, and its advance for Desdollarization. Gil explained: