Paraguay rules opposite to El Salvador

By RFereru | CryptoStory | 20 Jul 2021

Paraguay, which initially wants to follow in El Salvador's footsteps regarding the use of Bitcoin, has presented an initiative that seems to be quite different from what cryptocurrency users would have liked.


The two important points are:

1. It is not mentioned that Bitocoin, or any other cryptocurrency, becomes legal tender, as is Bitcoin in El Salvador.

2. The control and regulation of transactions with cryptocurrencies is established, while taxes on said transactions are established.

What do you think about this new regulation?

Even people who are dedicated to trading cryptocurrencies in a 'professional' way have to obtain specific permission.

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