El Salvador’s Bitcoin Use Declines; São Paulo Ends Outdoor Mask Mandate

A roundup of Wednesday’s news from across Latin America

Bloomberg Línea
March 09, 2022 | 09:30 PM

Bloomberg Línea — Six months on from the implementation of Bitcoin (XBT) as legal tender in El Salvador, its penetration among the population has been rapid, although its use as a means of payment in businesses has been slow and is even showing signs of deceleration.

The governor of São Paulo state, João Doria, signed a decree Wednesday that puts an end to the mandatory use of masks in outdoor spaces in the state. He justified the measure by citing data on the reduction of Covid-19 cases, deaths and hospitalizations.

On the region’s stock markets, Brazil’s Ibovespa (IBOV) rose by 2.43%, thanks to the performance of sectors such as information technology, industrials and consumer commodities, giving it the best performance among the region’s markets, while Mexico’s stock market continued its positive performance and accumulated two consecutive upward sessions, with the S&P BMV/IPC (MEXBOL) ending the day with a gain of 1.17%.

Following is a roundup of Wednesday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.





Dominican Republic:


El Salvador:






This is how the region’s markets closed on Wednesday, March 9