This calendar week was an important one for crypto adoption in the Castilian-speaking world, with reports of a government ministry working on a token in an Argentinian province and a Venezuelan state airline accepting the country's controversial Petro coin.

Hither's the by week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español.

Kingdom of spain's beginning "legal" ICO speaks on regulation

On Aug. 22, Cointelegraph en Español spoke with Daniel Pons Ayala, founder and primary information officeholder of Castilian startup Cresio. The company claims to be the first legal initial money offering (ICO) operating in Kingdom of spain.

Ayala shared his perspective on the attitudes of regulators and banks towards crypto in Spain. He said:

"Electric current regulations, with special reference to the Securities Market Law, do non establish a specific regulation for cryptocurrencies, ICO or STO, but do have mechanisms that tin can be adjusted to these culling financing mechanisms. Therefore, I would say that at the moment a specific regulation is not necessary, but, taking into account that the crypto ecosystem will grow in the coming years, it volition exist necessary for the administration staff to have a minimum knowledge to exist able to value projects with blockchain base."

Venezuelan state airline begins accepting the Petro

Venezuela's Superintendent of Cryptoactives, Joselit Ramirez, announced on Mon, Aug. xix, that country airline Conviasa would brainstorm accepting payment in the Petro, the state's oil-backed cryptocurrency.

Co-ordinate to Ramirez, customers should be able to apply the Petro app to procedure payments for plane tickets in a matter of minutes.

The Petro has been plagued past imitation starts in various applications, with some commentators referring to it as a scam. It is also subject to international sanctions, with United states citizens prohibited from purchasing it, per an order from U.Due south. President Donald Trump.

Blockchain company expands crypto payments in Panama and Venezuela

Last calendar week, blockchain firm Pundi 10 partnered with Panama-based company Chainzilla to distribute Pundi X's cryptocurrency-enabled point-of-auction payment processors in the country.

Yesterday, Cointelegraph reported on Pundi X's further expansion of services at Venezuelan department store concatenation Traki'south 49 outlets.

Province in Argentina to develop cryptocurrency

In Argentine republic, the Ministry of Industry of the Province of Misiones is reportedly working to develop JellyCoin, a token designed to streamline the province'south waste direction system. JellyCoin is part of the broader Hive Project, which aims to link people with waste matter with industries that may have some utilize for that waste.

Instability in Argentina's economy has led to famously widespread need for decentralized cryptocurrencies.