For TGG Wallet, transparency begins with explaining precisely the legal ground the project stands on. Uruguay offers a rare combination: it was a global pioneer in cannabis regulation and, more recently, took firm steps to bring virtual assets into the financial system. Below, the two pillars — without overstatement, and distinguishing what is already law from what is still being regulated.
Pillar 1 — Industrial hemp (Law No. 19,172, 2013)
In December 2013, Uruguay became the first country in the world to comprehensively regulate cannabis, through Law No. 19,172. The law created the IRCCA (Institute for the Regulation and Control of Cannabis), responsible for psychoactive cannabis and medical and pharmaceutical use.
For industrial hemp — the non-psychoactive cannabis that TGG tokenizes — the law itself and its implementing decree (Decree 372/2014) assign authorization and control to the MGAP (Ministry of Livestock, Agriculture and Fisheries), which grants production licenses. Non-psychoactive hemp varieties may not exceed 0.5% THC in their seeds. In other words: cultivating and processing agro-industrial hemp has had a clear legal path and a defined competent authority for over a decade.
Pillar 2 — Virtual assets (Law No. 20,345, 2024)
In September 2024, Uruguay's Parliament passed Law No. 20,345, which formally recognizes virtual assets and equates them, when financial, with book-entry securities — amending the Charter of the Central Bank of Uruguay (BCU) and the Securities Market Law. The law creates the figure of Virtual Asset Service Providers (VASPs / PSAV) and places them under BCU supervision through the Superintendency of Financial Services.
VASPs deemed financial require prior authorization from the BCU; non-financial ones must register. The detailed regulation of this figure is a draft framework presented by the BCU in August 2025, aligned with FATF (anti-money-laundering) recommendations and still being finalized.
The activity — growing industrial hemp and tokenizing real assets — has legal grounding in Uruguay. That is different from saying TGG Wallet already holds a BCU license: that VASP authorization is a goal of the project, as the regulation consolidates.
What this means for the investor
For anyone assessing a project, the difference between "grounded in law" and "already licensed" is everything. TGG Wallet chooses to be explicit: the Uruguayan jurisdiction offers real legal frameworks for both sides of the project — agro-industrial and digital — and the project develops within them, honestly stating what is already in force and what is still in the regulatory process. That is the kind of transparency that separates a serious project from a promise.
Honesty and legal grounding are the foundation of TGG Wallet. Operating within the Uruguayan legal framework — and being clear about where we stand on that path — is what gives the $TGG token its solidity.
Informational content, not legal advice. Official sources: Law 19,172 and Law 20,345 (IMPO, Uruguay).
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