Uruguay to consider a crypto-friendly bill
As Latin American countries show an increasing interest in crypto, the region looks ready to challenge its financial status quo.
This week Uruguayan Senator Juan Sartori presented a bill proposing to accept crypto as a valid means of payment and establish 3 special licenses for crypto trading, custody, and security tokens issuance.
Uruguay is the second-richest country in the South America per capita and is often cited among the most socially progressive ones. However, despite having a better situation than El Salvador, Uruguay still faces high inflation and economic difficulties – and crypto can be a great tool to boost its financial system and attract investments.
Other LatAm countries, such as Mexico, Paraguay, Panama or Argentina, have also proposed different crypto-related bills recently, creating a clear trend. Will the others follow?
