Paraguay’s Bitcoin Bill Passes Senate

A Paraguayan bill seeks to regulate Bitcoin and cryptocurrency trading and mining in the country pass Senate on Thursday. Senator Fernando Silva Facetti, the bill’s co-author, said on Twitter that the law is currently moving to Paraguay’s House of Representatives, where it will be debated in 2022.

The bill does not make bitcoin a legal tender in Paraguay. In July, Bitcoin Magazine get one Exclusive look at draft bill through a conversation with Paraguayan Congressman Carlitos Rejala. The act hints at increased regulatory security from the country’s regulators regarding bitcoin mining, and its overarching goal is to provide investor protection from service-providing businesses. bitcoin. Paraguay’s Bitcoin Bill Passes Senate


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