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Category uruguay

Tether Reinforces Crypto Mining Push in Uruguay

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....
Tether Clarifies Power‑Cut Situation in Uruguay

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 wi...
Power Cuts: Tether Owes Nearly $5 Million in Energy Bills to Uruguay

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 compan...
Central Bank of Uruguay to Study Digital Currency Implementation

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 for...
Uruguay to Further Clarify the Legal Status of Bitcoin in New Regulation

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 comp...