Paraguay’s crypto framework one step away from becoming law
Cointelegraph
Published Jul 17, 2022 10:29PM ET
Updated Jul 18, 2022 12:00AM ET
The Paraguayan Senate passed a bill on July 14 establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the crypto mining sectors.
The bill, introduced last July by Senator Fernando Silva Facetti and passed in Congress in May before reaching the Senate, calls for the formation of the Ministry of Industry and Commerce (MIC) to oversee crypto industry service providers. The bill is now one step away from being ratified as law by President Mario Abdo Benítez.
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Written By: Cointelegraph
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