El Salvador’s Vice President, Félix Ulloa, emphasized the nation’s Bitcoin success in a recent meeting with Chinese Ambassador Zhang Yanhui. The discussion centered around improving digital connectivity and economic growth through initiatives like “El Salvador Vuela” and “Cable Submarino.” These projects aim to position El Salvador as a regional technology hub.

Ulloa noted that El Salvador’s financial reserves have exceeded 500 million USD, largely attributed to Bitcoin strategies led by the Bitcoin Office under President Nayib Bukele. The focus remains on enhancing infrastructure and expanding economic initiatives to boost the country’s regional influence, supported by the Development Bank of Latin America and the Caribbean.

Binance, a MAJOR global cryptocurrency exchange, reached a significant milestone in Brazil by acquiring Sim;paul Investimentos, securing a securities brokerage license. This makes Binance the only platform in Brazil with such capabilities, allowing further product offerings. Binance CEO Richard Teng highlighted a focus on compliance and service reliability amid local financial challenges.