Uruguay will launch a national cryptocurrency

The Central Bank of Uruguay (BCU) has published a press release announcing the launch of a national cryptocurrency.

Uruguayan cryptocurrency: how Bitcoin is not

The BCU focuses on what is cryptocurrency "like Bitcoin", and, in fact, the digital equivalent Uruguayan pesos. The Uruguay project formulated by the initiator as a "pilot project for the issuance of digital tickets," and its purpose is to check whether cryptocurrency in the future can become a way of sharing and transactions.

The experiment will involve the national telecommunications provider ANTEL. In the experiment, the 20 million pesos will be awarded 10 thousand users of mobile phones of this operator. Coins can be traded or sold.

Users must register and make a down payment into a national company taxes and taxes Red Pagos and to access the wallet. If the experiment is successful, it is possible the transition from physical money to digital but in BCU emphasize that the transition process will take a lot of time.

Meanwhile, the Argentine stock exchange Mercado de Termino de Rosario (Rofex), intends to launch futures trading Bitcoin. Source https://cryptocurrency.tech/urugvaj-zapustit-natsionalnuyu-kriptovalyutu/