The Paraguayan senate greenlighted a cryptocurrency bill that defines several rules that companies and individuals will have to follow to operate with crypto.
by the deputy chamber, which proposed some changes considered an improvement per Facetti’s statements. The bill established the Ministry of Industry and Commerce of the country as the institution with the task of regulating cryptocurrency-related services.companies will have to present a power consumption plan to the national power administration, which will be able to cut the power to these companies if they don’t follow it. Also, the payment for the power services will be made in advance.
partially a cryptocurrency law due to worries about money laundering issues related to crypto in June.
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