Uruguay approves a bill to regulate crowdfunding platforms that can be applied to some ICOs

According to Cointelegraph, on September 11, the Uruguayan government approved a bill to promote entrepreneurship. Article 50 of the bill will regulate collective financing or crowdfunding platforms and can be applied to some ICOs. Attorney Paula Rodríguez Medalla said, “This rule provides a new legal framework for some ICOs working on collective financing, so it is important to pay close attention to the regulations promulgated by the Central Bank of Uruguay on this issue.”