Central Bank of Uruguay has developed a plan to regulate cryptocurrencies

In early August, it became known about the intention of another Latin American country to legalizecryptocurrency market. The Uruguayan authorities, following El Salvador, began to consider options for recognizing Bitcoin as a full-fledged means of payment in the country.

This week, the Central Bank of Uruguay presentedpreliminary plan for the regulation of the digital asset market. The tasks of the state also include establishing control over the activities of startups that launch blockchain services and serve cryptocurrency platforms.

The regulatory and legal framework for the industry will be formed taking into account the comments and wishes of the crypto business, as well as the expert community, local media reported, citing the press center of the Central Bank of Uruguay.

It is known that in 2021 a special research group established by the regulator began to work. She is exploring options for legalizing cryptocurrency transactions and protecting investors.

Currently in this Latin Americanstate virtual currencies are not legal tender. The central bank regularly reminds citizens of the risks of investing in digital assets.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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