The Central Bank of Uruguay has recently issued a summon to Binance, one of the most popular crypto exchanges in the industry, due to its product portfolio in the country.
Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products
The Central Bank of Uruguay has issued a summon 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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