Uruguay Proposes to Bring Digital Assets Under Central Bank Control With New Crypto Bill
A bill granting the Central Bank of Uruguay (BCU) the authority to control virtual assets was submitted to the country’s parliament. Apart from changing the legal powers of the BCU, the Financial Services Superintendence (SSF) is placed to oversee a new category of virtual asset service providers, per the local reports.
Among other things, the bill proposes changes to the BCU’s charter. In addition, issuers of virtual assets have also been defined as “the entities that regularly and professionally provide one or more services of virtual assets to third parties” and have been placed under SSF’s supervision. With the introduction of the bill, both domestic and international entities that operate in Uruguay will come under the country’s anti-money laundering standards and the rules placed for combating the financing of terrorism.
Source
https://t.me/Cash_Blockchain_News
