Uruguay Introduces Cryptocurrency Law in Parliament

Bitcoin.com | Sep 13, 2022 at 8:00 AM
  • A new cryptocurrency bill project was introduced by the executive power to the Parliament of Uruguay.
  • The proposed bill modifies the organic charter of the Central Bank of Uruguay and introduces the Superintendence of Financial Services, an organization part of the central bank, as the main overseer of the activities of virtual asset service providers.
  • In this sense, the document establishes that custody providers, companies that facilitate the purchase and exchange of virtual assets, and third parties that lend financial services related to the offer or sale of a virtual asset will be considered part of this class.