The Central Bank of Uruguay could see its oversight capabilities fortified under a proposed bill to enhance the country's AML regulations by putting digital asset service providers under a microscope.
Uruguay central bank is the latest authority to go after Binance, accusing the exchange of offering savings products that can only be offered by licensed financial institutions.
Lawmakers in Uruguay and Colombia have brought forward bills to regulate the digital currency market in their respective countries.
The Central Bank of Uruguay just rolled out its own digitized version of their peso.
