Uruguay ‘a LATAM Crypto Regulation Leader’ After President Signs New Law

Uruguay’s crypto industry chiefs have welcomed a new law that will regulate the way crypto is traded in the nation. Per the media outlets Ámbito Financiero and iProUP, the Uruguayan parliament and President Luis Lacalle Pou signed off a law that gives the nation’s Central Bank supervisory power over domestic crypto exchanges. The Uruguayan Fintech Chamber (CUF) called the new law “an important framework of guarantees for the financial system.” The Uruguayan Fintech Chamber (CUF) called the new law “an important framework of guarantees for the financial system.” The government modified these and handed the draft bill over to the parliament.

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