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Bitcoin continues to dominate the 2023 crypto market

Is Paraguay Looking to Make BTC Legal Tender?

The South American nation of Paraguay has allegedly caught the bitcoin bug and is now looking to make the asset legal tender soon.

Paraguay makes the move! Approves crypto bill, supported by most of the deputies in the Chamber

In a specially conducted session, the deputies from the Chamber voted in support of a new bill by a margin of 40 to 12. The bill was initially filed by Paraguayan Senate in July, last year, aiming to regulate the commercial activities involving digital assets. The activities such as licensing and overseeing cryptocurrency mining firms operating within nation. The legislation proposed here, doesn’t promise to make cryptocurrency a legal tender in the state.

Paraguay Moves Closer to Crypto Regulation With Recent Vote On Bill

Paraguay is moving closer in its efforts to regulate crypto, after the Chamber of Deputies has voted to pass the crypto regulation bill.

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