2022 – Paraguay paves the way for crypto regulation despite internal resistance from Cointelegraph


Paraguay paves the way for crypto regulation despite internal resistance

Many view Paraguay as a potential hot spot for cryptocurrency adoption due to its low electricity costs and relatively easy taxes. The government realized this opportunity by pushing new laws on digital assets.

On May 25, a bill was passed that would regulate the trading, mining and safekeeping of cryptocurrency agreed By the Congress of Paraguay by 40 votes to 12. The bill must now be ratified by the Senate before it finally reaches President Mario Abdo Benitez.

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