Uruguay’s BCU instructed the cessation of activity to a company that offers transfer of funds with cryptocurrencies

The regulator plans to send a draft to Parliament to create a framework of greater certainty and security in operations with these virtual assets in July.

The Superintendency of Financial Services of the Central Bank of Uruguay (BCU) resolved this Monday, July 25 "to instruct Send Money and Edward Palencia to cease providing the operations they perform (...) through the use of cryptocurrencies for the transfer of funds" for not having the "required authorization" to carry out that activity. The communication from the regulator is signed by the Superintendent of Financial Services, Juan Pedro Cantera.

The BCU has on its agenda to send to the Executive Branch a draft law, in order to generate greater certainty and security in the operations that are generated with these virtual . . .

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