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.
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.