TechFlow News, June 7: In its latest report, the U.S. Trade Representative (USTR) stated that Brazil’s instant payment system Pix imposes burdens or restrictions on U.S. commerce and indicated that actions under Section 301 may be taken against related policies. Meanwhile, after a two-year investigation, Chilean police arrested 18 individuals suspected of laundering money for the Venezuelan criminal organization Tren de Aragua; the estimated value involved is $88 million, with the illicit network encompassing bank accounts, shell companies, and cryptocurrency transfers.
Separately, Adecoagro—a farming enterprise backed by Tether—is advancing a project in Brazil to power Bitcoin mining operations using energy derived from sugarcane.
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