Crypto exchange Binance responds to the Central Bank of Uruguay’s scrutiny of its products

Binance, the largest crypto exchange in the world in terms of trading volume, received a summons from the Central Bank of Uruguay to ask the platform about its crypto-based savings products. The regulator became aware of the exchanges product offerings after the company advertised them on social networks. The Central Bank of Uruguay said that savings products can only be offered by companies that issue equity in the national stock market or by verified banking institutions, reported. While the country is yet to come up with crypto-specific regulation, the central bank pointed...


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