Paraguay Approves Crypto Regulation Bill Via 40-12 Vote
After El Salvador and the Central African Republic approved Bitcoin as legal tender, other nations, like Paraguay, are hurrying to catch up and implement regulations for this unique asset class. Countries in Latin America are taking cryptocurrencies more seriously and are currently striving to ratify legal and other relevant frameworks. Due to its inexpensive electricity and “crypto-friendly” environment, Paraguay has historically been viewed as a mining haven for cryptocurrency mining operations. Despite resistance from the country’s central bank, the Chamber of Deputies of Paraguay adopted a plan to regulate cryptocurrencies on Thursday. Suggested Reading | Binance Gets Clearance To Operate In Italy After 2021 Ban Paraguay Advances Crypto Bill In Majority Vote In a special session, deputies voted by a margin of 40 to 12 in support of approving the modified law draft. In spite of the Senate’s initial acceptance of the law in December of last year, the Chamber of Deputies’ recent...
