Uruguayan Senator Proposes a Bill to Regulate Cryptocurrency By CoinQuora

August 6, 2021 admin Cryptocurrency News 0

Uruguayan Senator Proposes a Bill to Regulate Cryptocurrency

  • Uruguayan Senator Juan Satori introduces a bill to regulate cryptocurrency.
  • Senator joining a growing list of politicians in the nation exploring crypto adoption.
  • The proposal aims for crypto-assets to be accepted by law in any legal enterprise.

Uruguayan Senator Juan Satori proposed a law to govern crypto and let firms allow crypto payments. Moreover, the Senator joins a growing list of politicians in South America and Spanish-speaking nations exploring mainstream crypto adoption.

However, Senator Satori does not advise the use of crypto as legal tender as in El Salvador. To clarify, the crypto-friendly Senator tweeted on August 4 saying,

Today, we present a bill, pioneer in the world, that seeks to establish a legitimate, legal, and safe use in businesses related to the production and commercialization of virtual currencies in Uruguay.

Therefore, the proposal stresses th…

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