Canada    FinTech Guide    Chapter 12    Uruguay

12. Online-Pawning
Uruguay  Uruguay

Legal Affairs

There are no specific regulations or licenses currently applicable to this type of service providers. As a consequence general regulations applying to lending, pawning as a way of warranting the loan would apply.

Economic Conditions

No data available.


As mentioned above, even if no specific license currently applies to the persons performing these type of activities, if the platform and/or the service provider is developing the activities in Uruguay, certain regulations need to be taken into consideration.

Local authorities, including the CBU, are taking a particular interest in regulating and promoting FinTech and different technological projects in the country regarding finance, through modern regulations and legislation, specifically through dispositions and regulations of the CBU and national laws. Such actions are planned to continue in the present year and in the near future.

Yet, no actions have been taken in this particular case regarding online pawning.

Contributing Authors

Guyer & Regules

Federico Susena
Montevideo, Uruguay

John Leaman
Montevideo, Uruguay

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Chapter Index:

1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018