Uruguay to vote on whether to allow bitcoin to become legal tender

In his bill, in addition to Bitcoin's use as a means of payment, Uruguayan Senator Sartori proposes the creation of three types of licenses for companies directly related to the country's crypto market.

RIO DE JANEIRO, BRAZIL - After El Salvador recently made Bitcoin legal tender in the country; Uruguay is now thinking about doing the same.

Uruguayan Senator Juan Sartori has announced a bill to make Bitcoin a legal tender in Uruguay, allowing companies to introduce the cryptocurrency and create specific regulations for the sector.

"Cryptocurrencies are an opportunity to create investment and jobs. Today I presented a globally groundbreaking bill that aims to establish a legitimate, legal and secure use for companies related to the production and commercialization of cryptocurrencies in Uruguay," he said on Twitter.

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