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Puerto Rico vs Uruguay

Crypto regulation comparison

← Back to map | Puerto Rico | Uruguay
Puerto Rico

Puerto Rico

Uruguay

Uruguay

No Data
Legal

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Uruguay has a generally favorable stance toward cryptocurrency. The BCU has not banned crypto and in 2024 introduced regulations for virtual asset service providers. Crypto income may be taxed at 12% under the IRPF (personal income tax) as capital income. Uruguay has a stable economy and is positioning itself as a fintech hub in Latin America.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate 12%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator BCU (Banco Central del Uruguay)
Stablecoin Rules -
Stablecoin Rules No specific stablecoin regulation
Key Points

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Key Points
  • BCU introduced VASP regulations in 2024
  • Crypto income taxed at 12% as capital income under IRPF
  • Crypto not classified as legal tender; peso remains the national currency
  • Uruguay has a relatively stable economy and favorable fintech environment
  • AML/KYC requirements apply to registered VASPs
Sources

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Sources