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Uruguay Blockchain Association Criticizes Crypto Regulation Draft: or Could Stifle Local Startups

MeNews
ME News Report, May 30 (UTC+8), the Chairman of the Uruguay Blockchain Chamber of Commerce stated that the existing cryptocurrency regulation proposals fail to effectively distinguish the risks of different businesses and set high entry barriers, which could negatively impact local innovation. (Source: MLion)
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TidalShellReflection
· 14h ago
Distinguishing risk types is a technical skill; legislators need to catch up.
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TheProphetOfToast
· 14h ago
Hopefully, other countries won't follow the example, and in the end, only CEX will remain.
View OriginalReply0
MirrorBallPeeking
· 14h ago
High barriers to entry = de facto licensing system, ultimately only giants play.
View OriginalReply0
FarmingNoSleep
· 14h ago
Startups fear compliance costs the most; they burn money before making any profit.
View OriginalReply0
NeonUmbrella
· 14h ago
The Blockchain Chamber of Commerce has spoken out, indicating that the industry is truly in a hurry.
View OriginalReply0
DustCollector7
· 14h ago
Regulatory complacency is a common problem worldwide
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TvlDownBad
· 14h ago
MLion's report, the chamber of commerce president dares to speak the truth
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GateUser-9335da8b
· 14h ago
Local innovation requires a sandbox, not a high wall
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AirdropSideQuest
· 14h ago
Uruguay's recent statement is quite straightforward.
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