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Paraguay’s Bitcoin Invoice Passes the Senate

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A Paraguayan invoice looking for to control the buying and selling and mining of Bitcoin and cryptocurrencies within the nation handed the Senate on Thursday. Senator Fernando Silva Facetti, a co-author of the invoice, mentioned on Twitter that the laws now heads to Paraguay’s Chamber of Deputies, the place it will likely be debated in 2022.

The invoice doesn’t make bitcoin a authorized tender in Paraguay. In July, Bitcoin Journal obtained an unique look into the draft invoice by a dialog with Paraguayan Congressman Carlitos Rejala. The laws hinted at elevated regulatory safety from the nation’s regulators relating to bitcoin mining and an overarching purpose to supply investor protections from companies providing bitcoin providers.



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