Juan Manuel Sobral, President of the Uruguay Blockchain Chamber, warned that the current cryptocurrency regulation project being advanced in Uruguay has serious shortcomings. It not only fails to differentiate risk levels across various business models but also imposes an entry deposit as high as $100,000, which is extremely unfriendly to startups. Sobral stated that regulators 'do not understand what they are regulating,' ignoring cutting-edge areas like NFTs and RWAs. He expressed concern that such rigid regulations will force local innovative companies to seek opportunities abroad, leading to national-level losses in tax revenue and industry development for Uruguay. (CriptoNoticias) https://(wublock123.com)/news/uruguay-blockchain-chamber-chair-crypto-regulation-will-kill-startups-61896