Tether Reinforces Crypto Mining Push in Uruguay
While local reports said the company was leaving Uruguay, Tether denied those claims, saying it remains in talks to continue its mining operations. The company said it is evaluating its…
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Tether Clarifies Power‑Cut Situation in Uruguay
Tether is in the early stages of winding down its mining operations in Uruguay due to high energy costs. Tether had been negotiating new tariffs with UTE, the state‑owned power…
Power Cuts: Tether Owes Nearly $5 Million in Energy Bills to Uruguay
Local reports say the power company cut power to Tether’s operation on July 25 amid a renegotiation of Uruguay’s power tariffs. In June, the company signed an MoU conditioned on…
Central Bank of Uruguay to Study Digital Currency Implementation
Uruguay is in the initial stages of studying the implementation of a digital currency as part of a restructuring process. Adolfo Sarmiento, the former manager of economic policy and markets,…
Uruguay to Further Clarify the Legal Status of Bitcoin in New Regulation
The Central Bank of Uruguay has hinted at the possibility of declaring bitcoin a “non-financial virtual asset,” potentially securing an easier compliance path for virtual asset service providers. Stablecoins, on…
Latam Insights: Bukele Offers Bitcoin Advice to Argentina, Uruguay Passes Crypto Law
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’s President Nayib Bukele meets with President…
Uruguay Passes Cryptocurrency Law
Proposed over two years ago, the law recognizes cryptocurrency as virtual assets in the country, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to…
Tether unveils mining software to boost efficiency and capacity
The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity.
Tether moves into Bitcoin mining in Uruguay
As part of its expansion into mining, Tether cited Uruguay’s capability of generating 94% of its electricity from renewable sources, including wind and solar.
Huobi Partners With Astropay to Facilitate Fiat Payments in Latam
Huobi Global, one of the biggest exchanges in volumes traded, has announced a partnership to make it easier for its Latam-based customers to acquire cryptocurrencies. The exchange has allied with…