Uruguayan parliament discusses Bitcoin law

The law governing the Bitcoin ecosystem in Uruguay has taken another step towards its approval.

The country’s executive branch has submitted a bill to parliament. The document proposes to give the Central Bank of Uruguay (BCU) the necessary legal powers to give the nascent market a legal framework.

The draft law sent to parliament is based on a proposal prepared by the BCU last December entitled “Conceptual framework for the legal treatment of…

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