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. Go to Source Powered by WPeMatico
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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 Astropay, a payment services platform, to allow customers in Latam to purchase cryptocurrency with fiat currencies in several countries. Huobi to Make Crypto Easier to … Read more
New regulatory bill grants Uruguayan Central Bank control over the nation’s crypto industry
The Uruguayan government introduced legislation to the parliament on Sep. 5, accelerating industry regulation. Go to Source Powered by WPeMatico
Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products
The Central Bank of Uruguay has issued a summon to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering in the country. These savings products, according to the bank, can only be made through verified banking institutions or by companies that issue equity in … Read more
Government of Uruguay Presents Campaign Against Crypto Scams
The Department of the Interior of Uruguay is taking steps to warn users about the danger they face when investing in certain crypto projects that could be scams. The campaign is called “Fake Coins: Cryptocurrency Scams” and seeks to educate the population about the most common kinds of crypto scams. Uruguay Educates on Crypto-Related Scams … Read more
Uruguay reportedly installs its first Bitcoin ATM
Uruguay’s first crypto ATM has been installed in the coastal city of Punta del Este, a major tourist attraction in the region. Go to Source Powered by WPeMatico
First Cryptocurrency ATM Reportedly Installed in Uruguay
The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose primary avenue for purchasing crypto relies on peer-to-peer markets. Uruguay Enters the … Read more
New Draft Law in Uruguay Could Legalize Crypto as Payment Method
A new draft law introduced to the Senate in Uruguay could regulate cryptocurrency transactions, and also legalize cryptocurrency as an accepted payment method in the country. If approved, the draft proposed by Senator Juan Sartori would also introduce licenses for Virtual Asset Service Providers (VASPs) that would be issued by the government, classifying them into … Read more
Uruguay: Senator introduces bill to enable use of crypto for payments
A Uruguayan Senator has introduced a bill seeking to “establish a legitimate, legal and safe use in businesses related to the production and commercialization of virtual currencies.” Go to Source Powered by WPeMatico
Survey: 1 in 4 Senior Executives in Uruguay Have Used Cryptocurrencies
A survey made in Uruguay across different business sectors revealed that 24% of the 49 senior executives (1 in 4) from companies in the country claimed to have used cryptocurrencies at any point in their lives. Senior Executives in Uruguay Reveal Their Level of Knowledge on Cryptocurrencies According to the consulting firm Price Waterhouse Cooper, … Read more
