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Uruguay Regulator Suggests that Crypto-Real Estate ‘Exchanges’ Are Possible

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A Uruguayan financial regulator has issued an ambivalent statement in answer to a question about how it views property sales for crypto – hinting that under the right circumstances, it could allow such moves to go ahead.

Per El Observador, the Montevideo-based notary Pérez del Castillo & Asociados approached the General Tax Directorate (known locally as the DGI), an agency that answers to the nation’s Ministry of Economy and Finance, for advice on the matter.    

The media outlet noted that a number of “specialized portals” that advertise real estate for sale in exchange for cryptoassets have appeared in the Latin American nation. It added that a growing number of property vendors were also stating that they would accept crypto payments.  

However, the notary’s request has uncovered something of a mixed response from the DGI on the matter….

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