Central Banks of Uruguay and Spain Discuss Regulation and Cryptocurrencies

The Central Bank of Uruguay (BCU) began its XV Central Banking Law Conference in Montevideo on October 20, 2026, focusing on financial regulation, technological innovation, and banking supervision. The event, which concludes today, October 21, brings together local and international experts to analyze regulatory advancements and challenges in the financial sector. The delegation from the Bank of Spain participates with three officials addressing the supervision of innovation and user protection. Cristina Pérez Cajal presents on regulatory sandboxes, supervised testing environments for financial companies. Manuela Sebastián and Verónica Villarroya discuss the legal framework for customer protection in banking in Spain. Additionally, cybersecurity in the digital ecosystem is analyzed. Jorge Ponce presents on Virtual Asset Service Providers (PSAV), examining the new legal framework for cryptocurrency exchange platforms. This discussion aligns with BCU Circular No. 2507, which incorporates PSAV into official supervision, establishing minimum capital requirements and guarantees for asset custody.