Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Tether announces a sustainable Bitcoin mining project in Uruguay, Brazil’s President Lula proposes a shift away from the U.S. dollar, and Argentina advances its de-dollarization push. Tether Announces Sustainable Bitcoin Mining Project in […]
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Stablecoin Issuer Tether To Begin Bitcoin Mining Operations In Uruguay
The company behind the most widely used U.S. dollar stablecoin is set to enter the mining industry through collaborations in Uruguay.
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.
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 […]
Uruguay’s First Bitcoin & BNB ATM an Instant Hit with ‘1,000 Transactions in First Hours’
Uruguay’s first crypto ATM may have taken a long time to arrive – but it has proven an instant hit, with reports claiming that the machine handled over 1,000 crypto transactions within the first hours of opening to customers late last week.
Per the news agency EFE (via Hola News), the machine was officially opened on Friday last week in the southeastern town of Punta del Este, in the Maldonado Department….
Read More: Uruguay’s First Bitcoin & BNB ATM an Instant Hit with ‘1,000 Transactions in First Hours’
Peru, Uruguay Edge Closer to Crypto Regulation with Draft Law, Policy Advisory Report
Governments in South America are gearing up to regulate crypto in the year ahead – with lawmakers in Peru and Uruguay readying legislation and draft proposals….
Read More: Peru, Uruguay Edge Closer to Crypto Regulation with Draft Law, Policy Advisory Report
Arcos Dorados Taps dLocal for McDonald’s In-App Payments in Uruguay
Arcos Dorados, the world’s largest independent McDonald’s franchisee, is turning to dLocal to power in-app payments for its fast-food restaurants across Uruguay, according to a press release on Tuesday (Jan. 4). The collaboration with dLocal will give people using the McDonald’s app for food delivery the ability to complete purchases using credit and debit cards. […]
Central Bank of Uruguay Describes Roadmap to Crypto Asset Regulation
The Central Bank of Uruguay has issued a statement describing a roadmap for the regulation of cryptocurrency assets in the near future. The institution stated it has established a group to examine the best way possible to regulate these assets, considering the realities of the crypto industry. Also, some modifications to current laws could be […]
Banco Central de Uruguay establece ‘plan de trabajo’ para regular los activos digitales
El Banco Central del Uruguay (BCU) ha establecido un “plan de trabajo” para sentar las bases de la regulación de los activos digitales y de las empresas que forman parte de este mercado. El BCU planea terminar una propuesta antes de fin de año para modificar las disposiciones legales actuales que cubren los activos digitales… [Read more]
Central Bank of Uruguay Establishes ‘Work Plan’ to Regulate Digital Assets
The BCU plans to finalize a proposal to amend the current legal provisions covering digital assets and create a clear framework for their regulation by the end of the year.