Paraguay prepares to study Bitcoin legalization next week…details here
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Answer Paraguay prepares to study Bitcoin legalization next week…details here
Mr. Carlitos Regala, whose pro-Bitcoin tweets have drawn attention in recent weeks, stated that he was working with Senator Fernando Silva Fácetti to introduce the Bitcoin legalization proposal on July 14, (next Wednesday).
Regala’s earlier statements initially sparked speculation that he would push Paraguay to follow in El Salvador’s footsteps, i.e. to create a law declaring Bitcoin as a form of fiat currency.
But he later clarified that those statements do not mean declaring bitcoin as legal tender as El Salvador, telling Reuters that Paraguay’s bitcoin bill is more about regulating it.
I’m here to unite Paraguay 🇵🇾, that’s why we decided with the senator Tweet embed To submit the invoice together # bitcoin Wednesday, July 14th!
Stay connected as there will be a big surprise for Paraguay and the world. Something giant is coming 🌍# bitcoin #btc
Read:WisdomTree Submits Application to Launch Bitcoin ETF
– Carlitos Rejala 🙏🇵🇾🙌 (@carlitosrejala) July 9, 2021
As Regala previously reported:
We want the regulators and the participating banks as well so that Paraguays or foreigners can operate these assets legally, because we know that illegal transactions exist here and in other countries
We want to be a crypto-friendly country.
On the question of a similar approach to El Salvador, Regala was quoted as saying:
It can be viewed as a bill of digital assets and it is different from that of El Salvador because they take it as legal tender and in Paraguay it would be impossible to do so.
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