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The Central Bank of Uruguay prepares to regulate cryptocurrencies

RIO DE JANEIRO, BRAZIL - The growth of digital currencies is a phenomenon that is increasingly present in Uruguay. For this reason, the Central Bank of Uruguay (BCU), through its financial innovation program Nova BCU, published a document that aims to prepare the ground for a possible regulation on the subject in Uruguay.

Under the name "Conceptual framework for the regulatory treatment of virtual assets in Uruguay", the BCU fulfills one of its most important purposes: to achieve price stability, regulate and supervise the functioning of the payment system and the national financial system.

It was carried out through an exchange . . .

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