How bitcoin is allowing Venezuelans to circumvent capital controls, Brazilians to get around tariffs—and might one day improve Latin America’s overall business climate.
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Bitcoin is the first cryptocurrency in the world (decentralized digital currency). Bitcoin is fundamentally different from all previously created electronic currencies and payment systems. It is not tied to any physical assets or “official” (fiat) currencies, and the price of a digital coin – bitcoin – is regulated exclusively by market supply and demand.
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