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BREAKING: Uruguay Declares War on Sanity, Unleashes Chaos With New Crypto Madness Law!

A chaotic scene unfolds in a Latin American city with Uruguay's flag waving wildly amidst swirling cryptocurrencies (represented by colorful coins) while a Central Bank building stands tall at the center, issuing permits to VASPs and overseeing virtual assets services.

It seems Uruguay is trying to outdo its neighbors in embracing a bunch of made-up internet money that’s just begging for scams like the rest.

Source: bitcoin.com

Proposed over two years ago, the law recognizes cryptocurrency as virtual assets in the country, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to offer cryptocurrency services. The law positions Uruguay at the forefront of Latin American countries that have already included crypto in their regulatory frameworks. President Luis Lacalle Pou recently signed the 20.345 Law, a bill regulating bitcoin and cryptocurrency usage in […]

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