Latam Insights: Brazil Launches Nationwide Blockchain ID Program, Venezuelan Crypto Watchdog Extends Restructuring Period
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil launches a blockchain-based ID card, the Venezuelan cryptocurrency watchdog Sunacrip extends its restructuring period, and Buenos Aires launches a “self-sovereign” blockchain ID program. Brazil Launches Nationwide Blockchain-Based ID The government of Brazil announced the implementation of a nationwide blockchain-based ID card that will centralize the identity function of all states. Selected states, including Goias, Parana, and Rio de Janeiro, will begin issuing the National Identity Card immediately, with all states having to adopt it by November 6. The digital document will serve as a weapon to fight identity theft in Brazil, as the card includes a QR code that will be used to verify the authenticity of the ID and other documents linked with it. Alexandre Amorim, president of Serpro, the federal company that developed the ID system, comme