Uruguay Legalizes Crypto: A Major Milestone

Uruguay Legalizes Crypto: A Major Milestone

The law makes the Central Bank of Uruguay a significant regulator for virtual asset service providers (VASPs). The Central Bank will issue VASP permits under its supervision ensuring that crypto operations are as per the global standards of legality, opportunity, and convenience.

Superintendence of Financial Services, (SSF) shall identify and regulate exchanges, wallets, and miners classified under the VASPs.

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Publish date : 2024-10-02 20:58:00

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