Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news from the past week.

In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes linked to crypto mining.

This week’s Latam crypto roundup features El Salvador’s latest economic overhaul plan, which has attracted a record-breaking private investment of $1.61 billion to revamp the country's port infrastructure. The initiative, spearheaded by President Bukele, aims to bolster El Salvador's financial standing and pave the way for future economic growth.

In a surprising turn of events, the Venezuelan government has reportedly enlisted the aid of a state-owned internet service provider (ISP) to block access to Binance, the world's largest cryptocurrency exchange. The move, which has also affected other services like Mercado Libre, Signal, and Reddit, has effectively cut off a crucial P2P market for crypto enthusiasts in the country.

Meanwhile, Paraguay's justice system continues to crack down on energy theft linked to cryptocurrency mining. In the latest development, an individual has been convicted for the crime, marking the second conviction of this nature in Paraguay. The case involved the discovery of an illegal cryptocurrency mining operation during a raid on a property that was disguised as a chicken farm.

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