@SoVee 5 October 2021 more from that month

Uruguay has presented a plan to legalize the cryptosphere In early August, it became known about the intention of another Latin American country to legalize the cryptocurrency market. The Uruguayan authorities, following El Salvador, began to consider options for recognizing bitcoin as a full-fledged means of payment in the country. This week, the Central Bank of Uruguay presented a preliminary plan to regulate the digital asset market. The tasks of the state also include establishing control over the activities of startups launching blockchain services and serving cryptocurrency platforms. The regulatory framework for the industry will be formed taking into account the comments and wishes of the crypto business, as well as the expert community, local media reported with reference to the press center of the Central Bank of Uruguay. It is known that in 2021, a special research group established by the regulator began working. She is exploring options for legalizing transactions with cryptocurrencies and ensuring investor protection. Currently, virtual currencies are not legal tender in this Latin American state. The central Bank regularly reminds citizens about the risks of investing in digital assets.