The cryptocurrency bill announced last month will be presented in parliament todayParaguay.
Last month, the El Salvadoran governmentvoted to make Bitcoin legal tender. At the same time, Paraguayan MP Carlitos Rejala spoke about the preparation of a similar bill on the legalization of digital assets in the country.
Today, a bill regulating cryptocurrency transactions will be submitted to the National Congress of the country.
The author of the law, Carlitos Rejala, developed the fundamentals of the regulatory framework for cryptocurrency trading and mining in the country.
The explanatory note to the document states thatbitcoin is recognized as legal tender. In cryptocurrency, you can set prices, pay for goods and services, and pay taxes. At the same time, cryptocurrency exchange operations are not subject to taxation.
Whether Paraguay will become another cryptocurrency-friendly jurisdiction after El Salvador will become known after the vote in parliament.
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