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Sergio Goschenko

USTR Flags Brazil's Pix Under Section 301; Chile Breaks Up $88M Crypto Ring

The U.S. Trade Representative has cited Brazil's Pix instant-payment system in a Section 301 determination, arguing its preferential treatment can burden U.S. commerce. In Chile, authorities arrested 18 people in a two-year probe into an alleged Tren de Aragua-linked crypto laundering network estimated at $88M. Separately, Adecoagro said it is developing a bitcoin-mining project powered by sugarcane-derived energy in Brazil.
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