What is Uruguay's FATF status?

Uruguay is classified by FATF as: fsrb_only.

Are VASPs licensed in Uruguay?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Uruguay?

KYC is mandatory for crypto businesses.

🇺🇾 Uruguay

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.

Overview

Status	Legal
Risk Score	30/100 (Moderate Risk)
Region	south america
Currency	UYU

Tax Information

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.

Licensing & Registration

Required	Yes
Regulator	BCU
Framework	BCU virtual asset guidance
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.

Enforcement Activity

Level: Low

BCU has issued guidance but limited enforcement.

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	GAFILAT
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: Unclear

No explicit information on DeFi regulation was found in the source.

Stablecoins

Status: unknown

No framework.

NFTs

Status: no_rules

No regulation.

Mining

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.

Geopolitical Risk

Stability	stable
Sanctions	No
Corruption Index	73/100
Banking Access	moderate

Risk Factors

economic volatility

Uruguay is politically stable with low corruption and good internet freedom. It is not under international sanctions. Banking access for crypto companies is moderate, with some regulatory clarity but cautious banking sector.