Paraguay Paves The Way For Crypto Regulation Despite Internal Opposition

📣 #Paraguay Paves The Way For #CryptoRegulation Despite Internal Opposition

👉 A new bill for crypto regulation has been approved by Paraguayan Congress despite the #centralbank and #budget commission’s rejection of the project.

👉 On May 25, a bill that regulates #cryptocurrency trading, #mining and custody was approved by the Paraguayan Congress in a vote of 40 to 12.

👉 The bill must now be ratified by the Senate to finally reach President #MarioAbdoBenítez.

👉 If ratified, the bill would apply to any individual or organization in Paraguay involved in the mining, commercialization, trading, transfer, production, custody or administration of cryptocurrencies and related functions.

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