Crypto Regulation Bill Passed by the Paraguayan Senate

  • Despite resistance from the country’s central bank, the Chamber of Deputies of Paraguay adopted a plan to regulate cryptocurrencies on Thursday.
  • In a special session, deputies voted by a margin of 40 to 12 in support of approving the modified law draft.
  • The new legislation requires bitcoin exchanges to register their businesses as virtual asset service providers with the anti-money-laundering agency of Paraguay.