Uruguayan Lawmaker Proposes Bill to Allow Crypto to be Used for Payments
The project, presented by ruling party senator Juan Sartori, includes a regulatory framework for crypto exchanges and miners.
The product was removed in response to an order from the Brazilian Securities Commission.
According to Alejandro Zelaya, businesses will not be penalized if they do not accept bitcoin.
In contrast to the original law, the government will not force any of the nation’s residents to receive the cryptocurrency as a form of payment, the president said Monday.
The fund led a $3 million investment in Exactly, a startup building a decentralized credit protocol.
El texto, presentado por el senador oficialista Juan Sartori, incluye un marco regulatorio para los exchanges de criptomonedas y los mineros.