Central Bank of Uruguay Issues Summons to Binance Due to Its Savings Focused Cryptocurrency Products – Regulation Bitcoin News

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The Central Bank of Uruguay stated that the call to save or invest must be made by authorized institutions, and ordered Binance to stop advertising these crypto savings products.

Central Bank of Uruguay Issues Summons to Binance Due to Its Savings Focused Cryptocurrency Products

The Central Bank of Uruguay has issued a summons to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering in the country. These savings products, according to the bank, can only be made through verified banking institutions or by companies that issue equity in the national stock market. Uruguay still has no cryptocurrency-specific regulation.

 

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They want a piece of the cake too in order to fill the pockets of thousands of government employees who do nothing useful. Amen

A great leader would cancel the central bank and tell all the citizens and corporations to stack as much Bitcoin It would b the strongest nation on earth All. Thanks to Cryptoproa for making my crypto dream come through! I have added massively

Why should they stop if there is a better alternative to what they already have? The consumers make the rules of engagement, the government works for us.

Whyy did the media keep a blindd eye on this

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