Central Bank of Uruguay Describes Roadmap to CryptoAsset Regulation

📣 Central Bank of #Uruguay 🇺🇾 Describes #Roadmap to #CryptoAsset 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 also announced that during Q4 2021 it would be involved in talks with industry actors to learn more about these companies and their processes.

👉 The #CentralBank of Uruguay 🇺🇾 will propose modifications to the current laws before the end of this year to better accommodate the establishment of new crypto-focused regulations in the future.

👉 The bank also proposed some recommendations for users of cryptocurrencies, stating that these assets are not considered legal tender in the country like the #Uruguayan peso, which is recognized and backed by the institution.

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