This week saw two of the most significant crypto headlines in Latin America, highlighting the region’s fast-changing digital-asset ecosystem.

On the one hand, Banxico issued a strong warning about the systemic risks associated with stablecoins, signalling increased regulatory scrutiny in Mexico.

HIVECO, on the other hand, created history by being the first Bitcoin-AI infrastructure company to be publicly traded on a Latin American exchange.

Argentina also made headlines this week when Nexo announced the acquisition of Argentine trading platform Buenbit, a critical milestone in the company’s long-term expansion strategy in the region.

Banxico warns of systemic risks from rapid stablecoin expansion

The Mexican central bank has issued a strong warning about the systemic risks presented by stablecoins, citing their rapid growth, close ties to traditional finance, and existing worldwide regulatory loopholes.

Banxico observed that the sector’s reliance on short-term US Treasury bonds, substantial market concentration among two main issuers, and previous de-pegging events highlight the asset class’s fragility during times of stress.

The bank warned that without coordinated measures, large-scale redemptions or issuer problems might spread to broader funding markets.

Divergent regulatory frameworks, such as the EU’s MiCA and the United States’ GENIUS Act, may deepen jurisdictional gaps and promote regulatory arbitrage.

Although Banxico recognises the potential benefits of stablecoins for settlement efficiency, remittances, and DeFi liquidity, it plans to preserve a clear barrier between virtual assets and traditional financial systems.

Cryptocurrency usage in Mexico remains modest, ranking 23rd in the 2025 Chainalysis Global Crypto Usage Index.

This cautious posture contrasts with other Latin American countries, where cryptocurrency activity has increased.

HIVECO debuts in Colombia as LATAM’s first publicly listed Bitcoin and AI infrastructure firm

HIVE Digital Technologies has officially launched on the Colombian Stock Exchange under the ticker HIVECO, making it the first Bitcoin and AI infrastructure company to be traded on a Latin American exchange.

Its listing gives investors in the Andean market system, which includes Colombia, Peru, and Chile, access to a rapidly growing sector at the intersection of high-performance computers, renewable energy, and Bitcoin.

HIVE, which is already trading in North America and Europe, is expanding into the area, highlighting increased institutional interest, despite the fact that its Nasdaq shares fell slightly on Thursday but remain positive year to date.

The Colombian exchange’s strong institutional connectedness also provides HIVE with a more diverse and integrated investor base than is common elsewhere in Latin America.

HIVE has extensive operations in Latin America, with hydro-powered Tier I data centres in Paraguay and the recently acquired Yguazú facility.

As mining economics tightened, the company was among the first to shift its focus to AI and HPC workloads.

Nexo expands LATAM footprint with acquisition of Buenbit

Nexo announced the acquisition of Argentine trading platform Buenbit, which is a crucial step in the company’s long-term expansion strategy in Latin America.

The purchase, which is unknown in financial terms, gives Nexo immediate access to Buenbit’s established operations in Argentina and Peru, as well as its user base of over one million registered customers.

As economic challenges and developing legislative considerations drive up demand for digital assets in the region, the acquisition gives Nexo a solid basis to expand its footprint in key growth regions.

The decision comes as Nexo seeks to reboot and relaunch itself globally after a difficult regulatory era. Earlier in 2025, the corporation revealed aspirations to re-enter the US market after earlier quitting due to regulatory fines totalling $45 million.

Nexo has also actively pursued partnerships with high-profile political individuals, including meetings with President Donald Trump and Donald Trump Jr., indicating its intention to manage an increasingly difficult political and regulatory environment inside the competitive digital banking sector.

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