Cryptocurrency is legal in Uruguay with ongoing development of a regulatory framework by the Central Bank of Uruguay (BCU). The BCU has issued guidance for virtual asset service providers and is conducting public consultations on regulatory projects.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | south america |
| Currency | UYU |
| Capital Gains (Personal) | 12% IRPF on capital income (Category I); territorial basis |
| Capital Gains (Corporate) | 25% IRAE corporate tax; territorial basis |
| VAT on Crypto | No |
| Staking Tax | May be subject to IRPF as capital income |
| Airdrop Tax | No specific guidance |
Uruguay operates a territorial tax system. Only Uruguay-sourced income is taxable. Foreign crypto gains may be exempt. The DGI has not issued comprehensive crypto tax guidance.
| Required | Yes |
| Regulator | BCU / SSF |
| Framework | Ley 20.345 (Virtual Assets Law, September 2024) + BCU/SSF PSAV Normative Project (March 2026 second consultation draft) |
| Ease | unknown |
The BCU has published a normative project for virtual asset service providers and is in the process of public consultation, indicating a forthcoming licensing regime.
BCU has issued guidance but limited enforcement.
| Status | Pilot |
| Name | e-Peso |
| Issuing Authority | Central Bank of Uruguay |
| Model | retail |
| Technology | Roberto Giori Company (Non-DLT) |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | GAFILAT |
| Suspicious-Activity Reporting | Yes |
Status: Unclear
No explicit information on DeFi regulation was found in the source.
Status: unknown
No framework.
Status: no_rules
No regulation.
| Legal | Yes |
| Electricity Cost | $0.12/kWh |
| Renewable Energy | 95% |
| Infrastructure | good |
Uruguay benefits from very high renewable energy penetration, mainly hydro and wind, making it attractive for sustainable crypto mining. Infrastructure is solid with good internet connectivity and data center facilities.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 73/100 |
| Banking Access | open |
| Sanctions Program Active | No |
Risk Factors
Uruguay is politically stable with a strong rule of law and low corruption in the region. It is not subject to international sanctions and offers a favorable environment for crypto businesses with open banking access and good internet freedom.
Cryptocurrency is legal in Uruguay with ongoing development of a regulatory framework by the Central Bank of Uruguay (BCU). The BCU has issued guidance for virtual asset service providers and is conducting public consultations on regulatory projects.
Uruguay is classified by FATF as: fsrb_only.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-05 · Data source: Soken Crypto Legal Map
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