The global crypto volume was down by 2.7 per cent to $72.67 billion, according to Coinmarketcap data. The global crypto market capitalisation went down by 3.16 per cent to $1.07 trillion as of 4:50 pm. The Central Bank of Uruguay said in a statement: "The call to the general public for the application of their savings can only be done through financial intermediation institutions authorized to collect deposits in the market or as an issuer registered in the stock market registry." Cryptocurrency Prices Uruguay still has no cryptocurrency-specific regulation. These products, according to the bank, can only be offered through banking institutions or by fintech companies that issue equity in the national stock market. In other news, the Central Bank of Uruguay has summoned Binance, one of the largest crypto exchanges in the world, concerning the crypto-based savings products they are offering in the country. Unpredictable regulatory environments, a lack of knowledge of cryptocurrencies and their uses, and a lack of technical expertise have had a highly negative impact on the crypto space. The regulatory framework is another major aspect that frequently impedes the development of the cryptocurrency market. The current projected value of the global cryptocurrency ATM market is US$46.45 million.īy 2027, it is expected to reach $472.18 million, representing a 59 percent rise based on the compound annual growth rate. The cryptocurrency ATM market is anticipated to reach US$400 million in less than five years.
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