RIO DE JANEIRO, BRAZIL - The Paraguayan Senate on Thursday approved a bill that establishes a fiscal and regulatory framework for companies operating in the cryptocurrency and crypto mining sector.
The bill, presented last July by Senator Fernando Silva Facetti and approved in Congress in May before reaching the Senate, calls for the formation of the Ministry of Industry and Commerce (MIC) to supervise industry service providers of cryptocurrencies. The project is now one step away from being ratified into law by President Mario Abdo Benítez.
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