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.
| 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 has a high share of renewable energy, mainly hydro and wind, making it attractive for sustainable mining operations. Electricity costs are moderate. Infrastructure for data centers and internet is good, supporting mining activities.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 73/100 |
| Banking Access | moderate |
Risk Factors
Uruguay is a regional model of political stability with investment-grade status. President Yamandu Orsi took office in 2025. Not under any international sanctions. Political stability index rose to 1.28 (2024). Freedom House rated Free (2025). Banking access for crypto companies remains moderate as banks maintain cautious approach.
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: 2026-06-01 · Data source: Soken Crypto Legal Map
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