{"id":47233,"date":"2021-08-05T09:54:57","date_gmt":"2021-08-05T06:54:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47233"},"modified":"2025-09-01T20:16:30","modified_gmt":"2025-09-01T17:16:30","slug":"uruguayan-senator-proposes-bill-to-regulate-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/uruguayan-senator-proposes-bill-to-regulate-cryptocurrencies\/","title":{"rendered":"Uruguayan senator proposes bill to regulate cryptocurrencies"},"content":{"rendered":"<p>Uruguayan senator Juan Sartori has introduced a bill to regulate cryptocurrencies and to allow payments in digital assets, including for companies.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"es\" dir=\"ltr\">Cryptocurrencies are an opportunity to create investment and jobs. Today we present a bill, a world pioneer, that seeks to establish legitimate, legal and safe use in businesses related to the production and marketing of virtual currencies in Uruguay.<\/p>\n<p>\u2014 Juan Sartori (@JuanSartoriUY) <a href=\"https:\/\/twitter.com\/JuanSartoriUY\/status\/1422567884916772866?ref_src=twsrc%5Etfw\">August 3, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCryptocurrencies are an opportunity to create investments and jobs. Today we presented a bill, a world pioneer, the aim of which is to establish legitimate, legal and safe use in business related to the production and sale of virtual currencies in Uruguay,\u201d Sartori wrote.<\/p>\n<\/blockquote>\n<p>The document envisages that the use of digital assets will be legal in any legitimate business. They will be recognised as a legitimate means of payment in addition to those established by law.<\/p>\n<p>The bill provides for three types of licenses for cryptocurrency-using enterprises: for trading intermediaries, for custodial services, and for mining of virtual assets.<\/p>\n<p>Sartori argues that enacting regulation is important to spur investment and protect investors.<\/p>\n<p>The senator does not propose giving Bitcoin official status as a legal means of payment, <a href=\"https:\/\/forklog.com\/en\/news\/el-salvador-passes-bill-recognizing-bitcoin-as-legal-tender\">was done<\/a> in El Salvador.<\/p>\n<p>Earlier in neighboring Paraguay, <a href=\"https:\/\/forklog.com\/en\/news\/paraguay-to-introduce-bill-to-legalise-bitcoin\">announced<\/a> a bill concerning the first cryptocurrency, but the country <a href=\"https:\/\/forklog.com\/en\/news\/paraguay-clarifies-bitcoin-legislation-initiative\">does not intend<\/a> to follow El Salvador&#8217;s lead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uruguayan senator Juan Sartori introduced a bill to regulate cryptocurrencies and allow payments in digital assets, including for companies.<\/p>\n","protected":false},"author":1,"featured_media":47234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,2229],"class_list":["post-47233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-uruguay"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/47233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=47233"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/47233\/revisions"}],"predecessor-version":[{"id":47235,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/47233\/revisions\/47235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/47234"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=47233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=47233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=47233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}