Uruguay Passes Law Regulating Cryptocurrencies and VASPs, Strengthening Crypto Framework

Quick Summary:

Uruguay Passes Law Regulating Cryptocurrencies and VASPs, Strengthening Crypto Framework Uruguay has taken a significant step toward regulating the growing cryptocurrency market by passing Law 20.345, a comprehensive framework that governs the use of Bitcoin and other cryptocurrencies in the country.

Regulation of VASPs: The Central Bank of Uruguay will oversee all virtual asset service providers operating in the country.

By creating a clear regulatory framework, Uruguay aims to foster innovation in the sector while also protecting consumers and preventing illicit activities.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaEl SalvadorSwitzerlandUruguay

Topics: Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 06:53:15 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 896 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22859360

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 22 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions