At the Oct. 20-21 XV Jornadas de Derecho Bancocentralista in Montevideo, sessions addressed rules for virtual-asset service providers while Uruguay's authorization process for those firms was underway.
The program for the XV Jornadas de Derecho Bancocentralista also covered regulatory sandboxes, supervised financial innovation, cybersecurity and financial-user protection.
The Financial Services Superintendency of Banco Central del Uruguay (BCU) approved authorization and supervision requirements for virtual-asset service providers in July. The online process began Sept. 1 and remains underway, as EconoTimes previously reported in its coverage of the authorization process.
