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Paraguay

Retail_Trading_Status

Gray-Zone Unknown
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Status Changed

Previous status: Unclear

The change in the analysis result from "Unclear" to "Gray-Zone" and the associated narrative differences between the previous analysis (dated April 12, 2025) and the new analysis (dated June 26, 2025) regarding Retail_Trading_Status in Paraguay can be justified by several interconnected factors: 1. Recency and Evolution of Source Material: The new analysis incorporates more recent sources, with some dating up to June 2025 (e.g., AInvest, Coinfomania, BeInCrypto). The previous analysis relied on information available up to early April 2025. While the core regulatory facts (no specific law, AML for VASPs, BCP warnings) have not fundamentally changed in this short period, the newer sources provide a more current articulation of the situation. Specifically, sources like AInvest and Coinfomania from June 2025 explicitly use the term "gray zone" to describe Paraguay's crypto environment. This direct adoption of terminology by contemporary commentators likely influenced the analyst's choice in the new report. 2. Nuance in Terminology ("Unclear" vs. "Gray-Zone"): While both terms signify a lack of explicit legal framework and considerable ambiguity, "Gray-Zone" arguably carries a slightly different connotation than "Unclear." "Unclear" might suggest that information is lacking or contradictory, making a definitive assessment difficult. "Gray-Zone," on the other hand, often implies that while specific regulations are absent, activities are indeed taking place within this ambiguous legal space, neither explicitly legal nor illegal in a comprehensive sense. The new analysis, supported by its recent sources, leans more into describing this de facto operational environment where trading occurs despite the lack of a dedicated framework. For example, the new report mentions, "individuals and businesses can accept them as payment for goods and services in private transactions," and "Cryptocurrency exchanges... operate in this gray area." 3. Updated Status of Legislative Efforts: The new analysis provides a more current status on pending legislative proposals. For instance, it explicitly states that the April 2024 bill proposing a temporary ban on Bitcoin mining and crypto trading "has not become law and its future remains uncertain" as of mid-2025. This offers a concrete update on a significant factor contributing to the regulatory uncertainty, reinforcing the "Gray-Zone" status where proposals exist but haven't resolved the ambiguity. 4. Refined Narrative Focus: The new analysis, while covering the same core points (BCP warnings, SEPRELAD's AML/CFT measures for VASPs, failed 2022 bill), slightly refines the narrative to emphasize the ongoing nature of activities within the undefined regulatory space. It provides a more detailed description of how exchanges operate (complying with general financial laws and AML/CFT, varying KYC) and the general ability of individuals to trade at their own risk. The previous report also concluded individuals could trade at their own risk but the "Gray-Zone" label in the new report, supported by newer commentary, perhaps better encapsulates this active but unregulated state. 5. Consistency in Core Findings: It's important to note that the fundamental assessment remains largely consistent. Both analyses agree that: * There is no specific, comprehensive law regulating retail cryptocurrency trading. * Cryptocurrencies are not legal tender and are not backed by the state. * The Central Bank of Paraguay (BCP) issues warnings about risks. * Virtual Asset Service Providers (VASPs) are subject to AML/CFT regulations under SEPRELAD. * Retail trading is not explicitly prohibited. The justification for the difference, therefore, is not a radical divergence in understanding the core regulatory landscape, but rather a refinement based on the most current available information and terminology used by recent observers. The "Gray-Zone" status, as presented in the new analysis, reflects an updated understanding that while the legal framework remains undeveloped and uncertain, there is an acknowledged space where crypto activities are occurring with minimal direct oversight beyond AML/CFT for service providers. The new analysis leverages more recent source language to provide a label that arguably better fits this ongoing, ambiguous operational reality.

Analysis ID
#283
Version
Archived
Created
2025-06-26 09:12
Workflow Stage
Initial Research

Executive Summary

Paraguay operates in a "Gray-Zone" regarding retail cryptocurrency trading. There is no specific legal framework governing the buying, selling, and holding of cryptocurrencies by individuals, though it's not explicitly banned. Seprelad, the AML/CFT authority, has issued regulations for entities involved with virtual assets, mandating AML/CFT compliance. While legislative attempts to regulate crypto have occurred, none have been enacted into law as of mid-2025, indicating an intent to increase scrutiny without a clear regulatory framework for retail traders.

Key Pillars

The primary regulatory pillar is Seprelad, Paraguay's anti-money laundering and counter-terrorist financing (AML/CFT) authority. Seprelad focuses on AML/CFT compliance for virtual asset service providers (VASPs) rather than directly regulating retail trading. There are no specific licensing or registration requirements for retail cryptocurrency trading itself. However, entities facilitating crypto activities are expected to adhere to AML/CFT norms.

Landmark Laws

Resolution No. 8/20 (issued by Seprelad): Designated individuals or entities involved in mining, exchange, transfer, storage, or administration of virtual assets as "Obligated Subjects" under AML/CFT regulations.
Resolution No. 314/21 (issued by Seprelad): Established the "Regulation for the Prevention of Money Laundering and Terrorism Financing for individuals or legal entities established or domiciled in the country engaging in activities associated with virtual assets," mandating the implementation of a comprehensive AML/CFT system for these entities.
Bill Vetoed in December 2022: A bill aimed at regulating crypto mining, commercialization, intermediation, exchange, transfer, custody, and administration of crypto assets was passed by Congress but was vetoed by the Executive Branch in December 2022.
Proposal in Senate (April 2024): A proposal was introduced in the Senate to temporarily ban Bitcoin mining and prohibit the storage and trading of cryptocurrencies; it has not become law as of mid-2025.

Considerations

Cryptocurrencies are not considered legal tender in Paraguay. The Central Bank of Paraguay (BCP) has cautioned about the volatility and risks associated with cryptocurrencies. The government has advised citizens to avoid interactions with crypto entities not registered or regulated by the Superintendencia de Valores (established in 2023). Cryptocurrency exchanges, both local and international, operate in a regulatory gray area.

Notes

In 2018, the Paraguayan government acknowledged cryptocurrencies, with Seprelad issuing warnings about the risks of unregulated digital currencies. The Central Bank of Paraguay (BCP) stated in May 2019 that virtual currencies are not legal tender and are not guaranteed by the State. In March 2025, Seprelad announced a cooperation agreement with El Salvador's National Digital Assets Commission (CNAD) to enhance oversight of the crypto sector. The Superintendencia de Valores has stated that crypto-assets are not authorized or registered for use within the national financial system.

Detailed Explanation

Paraguay's stance on retail cryptocurrency trading falls into a "Gray-Zone" due to the absence of a specific legal framework governing the activity. While not explicitly banned, this lack of targeted regulation creates both opportunities and risks. In 2018, the Paraguayan government, through Seprelad, began acknowledging cryptocurrencies, issuing warnings about the risks associated with unregulated digital currencies. The Central Bank of Paraguay (BCP) has consistently maintained that virtual currencies are not legal tender and are not guaranteed by the State, cautioning about their volatility. In May 2019, the BCP issued a statement warning investors about the risks, emphasizing that cryptocurrencies lack legal tender status. Vouga Abogados noted this in their November 20, 2023 report.

Seprelad, as Paraguay's AML/CFT authority, has expressed concerns about the potential use of cryptocurrencies in illicit activities. Following FATF recommendations, Seprelad issued Resolution No. 8/20, designating individuals or entities involved in mining, exchange, transfer, storage, or administration of virtual assets as "Obligated Subjects" under AML/CFT regulations, as noted by Vouga Abogados. Subsequently, Resolution No. 314/21 established regulations for the prevention of money laundering and terrorism financing for entities engaging in activities associated with virtual assets, mandating comprehensive AML/CFT systems.

Legislative attempts to create a defined regulatory framework have faced setbacks. A bill aimed at regulating crypto assets was vetoed by the Executive Branch in December 2022, according to Vouga Abogados. More recently, in April 2024, a proposal was introduced in the Senate to temporarily ban Bitcoin mining and prohibit the storage and trading of cryptocurrencies, citing concerns over illegal mining operations and consumer protection, as reported by Forbes. As of mid-2025, this bill has not become law.

In March 2025, Seprelad announced a cooperation agreement with El Salvador's National Digital Assets Commission (CNAD) to enhance oversight and reinforce AML measures. Bitget News reported on March 10, 2025, that Paraguay's Central Bank clarified that cryptocurrencies remain unregistered and unauthorized, urging citizens to avoid unregulated platforms. The Paraguayan government advises citizens to avoid interactions with crypto entities not registered or regulated by the Superintendencia de Valores (established in 2023), even though the Superintendencia itself states that crypto-assets are not authorized or registered. According to UEEx Technology on April 28, 2025, cryptocurrency exchanges operate in a regulatory gray area, generally required to comply with general financial laws and AML/CFT policies. The overall situation indicates that individuals can engage in cryptocurrency trading at their own risk, as summarized by AInvest on June 18, 2025. There is minimal control and a lack of a clear regulatory framework for retail cryptocurrency trading.

Summary Points

Okay, here's a bullet-point summary of the Paraguay Retail Cryptocurrency Trading Regulatory Analysis, designed for quick comprehension:

Paraguay Retail Cryptocurrency Trading: Regulatory Status (June 2025)

  • Overall Status: "Gray-Zone" – No comprehensive, specific legal framework directly governs retail cryptocurrency trading (buying, selling, holding) by individuals. Not explicitly banned, but minimally regulated.

Key Regulatory Bodies & Roles

  • Secretariat for the Prevention of Money Laundering (Seprelad):
    • AML/CFT authority.
    • Designates virtual asset service providers (VASPs) as "Obligated Subjects" under AML/CFT regulations.
    • Issued Resolution No. 8/20 and 314/21 requiring VASPs to implement comprehensive AML/CFT systems.
    • Cooperating with El Salvador's CNAD to enhance crypto sector oversight and AML measures (March 2025).
  • Central Bank of Paraguay (BCP):
    • Virtual currencies are not legal tender and are not guaranteed by the State.
    • Warns about the volatility and risks associated with cryptocurrencies.
    • Reiterates that cryptocurrencies lack legal tender status.
  • Superintendencia de Valores (Financial Regulator):
    • Established in 2023.
    • Crypto-assets are not authorized or registered for use within the national financial system.
    • Citizens advised to avoid unregistered/unregulated crypto entities.

Important Legislation & Regulations

  • No Specific Cryptocurrency Laws: General financial laws and AML/CFT policies apply.
  • Resolution No. 8/20 (Seprelad): Designates VASPs as "Obligated Subjects" under AML/CFT.
  • Resolution No. 314/21 (Seprelad): Establishes AML/CFT regulations for VASPs.
  • Failed Legislative Attempts:
    • Bill to regulate crypto mining, commercialization, etc., passed by Congress but vetoed by the Executive Branch in December 2022.
    • Proposal to temporarily ban Bitcoin mining and prohibit crypto storage/trading introduced in the Senate in April 2024; status uncertain.

Requirements for Compliance (for VASPs)

  • AML/CFT Compliance: VASPs (entities involved in mining, exchange, transfer, storage, or administration of virtual assets) must implement comprehensive AML/CFT systems.
  • KYC/AML: Cryptocurrency exchanges, both local and international, are generally required to comply with general financial laws and AML/CFT policies. KYC/AML requirements may vary.

Notable Restrictions or Limitations

  • Not Legal Tender: Cryptocurrencies cannot be used to pay debts or taxes.
  • Lack of Legal Protection: Cryptocurrencies are not guaranteed by the State.
  • Volatility Risk: BCP cautions about the volatility and risks associated with cryptocurrencies.
  • Uncertainty: The lack of a clear regulatory framework creates uncertainty and risk for retail traders.

Recent Developments or Changes

  • April 2024: Senate proposal to temporarily ban Bitcoin mining and prohibit crypto storage/trading (status uncertain).
  • March 2025: Seprelad cooperation agreement with El Salvador's CNAD to enhance crypto sector oversight and AML measures.
  • March 2025: Paraguay's Central Bank clarified that cryptocurrencies remain unregistered and unauthorized in the country, urging citizens to avoid unregulated crypto platforms.

Key Takeaways

  • Retail cryptocurrency trading is permitted but operates in a "Gray-Zone" with minimal specific regulation.
  • The government is monitoring the space and focusing on AML/CFT compliance for VASPs.
  • A clear and specific regulatory framework for retail cryptocurrency trading is still lacking.
  • Individuals engage in cryptocurrency trading at their own risk.

Full Analysis Report

Report on the Current Status of Retail Trading of Cryptocurrencies in Paraguay

Date: 2025-06-26

Topic: Retail_Trading_Status

Description: Assess whether individual citizens and residents in the country are legally permitted to buy, sell, and hold cryptocurrencies. Detail the regulatory environment surrounding this activity (e.g., KYC/AML requirements imposed on platforms, general warnings issued).

Retail_Trading_Status

Status: Gray-Zone

Narrative Explanation:

Paraguay's stance on retail cryptocurrency trading is best described as a "Gray-Zone," as there is no comprehensive, specific legal framework directly governing the buying, selling, and holding of cryptocurrencies by individual citizens and residents. While not explicitly banned, the activity exists in a space with minimal targeted regulation, creating both opportunities and inherent risks.

Historically, the Paraguayan government first acknowledged cryptocurrencies in 2018, with the Secretariat for the Prevention of Money Laundering (Seprelad) issuing warnings about the risks associated with unregulated digital currencies. Despite these warnings, an outright ban has not been implemented. Cryptocurrencies are not considered legal tender in Paraguay, meaning they cannot be used to pay debts or taxes. However, individuals and businesses can accept them as payment for goods and services in private transactions.

The Central Bank of Paraguay (BCP) has consistently stated that virtual currencies are not legal tender and are not guaranteed by the State. The BCP has cautioned about the volatility and risks associated with cryptocurrencies, emphasizing that their value is based on trust and subject to significant fluctuation. In May 2019, the BCP issued a statement warning investors and the general public about the use of cryptocurrencies, highlighting that they are not issued by a Central Bank and therefore lack legal tender status or canceling force. This position was reaffirmed in subsequent communications.

Seprelad, Paraguay's anti-money laundering and counter-terrorist financing (AML/CFT) authority, has shown concern regarding the potential use of cryptocurrencies in illicit activities. Following recommendations from the Financial Action Task Force (FATF), Seprelad issued Resolution No. 8/20, designating individuals or entities involved in mining, exchange, transfer, storage, or administration of virtual assets as "Obligated Subjects" under AML/CFT regulations. Subsequently, Resolution No. 314/21 established the "Regulation for the Prevention of Money Laundering and Terrorism Financing for individuals or legal entities established or domiciled in the country engaging in activities associated with virtual assets." This mandates the implementation of a comprehensive AML/CFT system for these entities. This indicates that while retail trading itself isn't specifically licensed or prohibited, entities facilitating such activities are expected to adhere to AML/CFT norms.

There have been legislative attempts to create a more defined regulatory framework. A bill aimed at regulating crypto mining, commercialization, intermediation, exchange, transfer, custody, and administration of crypto assets was passed by Congress but was vetoed by the Executive Branch in December 2022. More recently, in April 2024, a proposal was introduced in the Senate to temporarily ban Bitcoin mining and prohibit the storage and trading of cryptocurrencies, citing concerns over illegal mining operations and consumer protection. However, as of mid-2025, this bill has not become law and its future remains uncertain.

In March 2025, Seprelad announced a cooperation agreement with El Salvador's National Digital Assets Commission (CNAD) to enhance oversight of the crypto sector, reinforce AML measures, and identify unauthorized operations in Paraguay. This signals an intent to increase scrutiny and potentially move towards a more regulated environment, though specific new regulations for retail traders have not yet materialized from this agreement. The Paraguayan government has also advised citizens to avoid interactions with crypto entities not registered or regulated by the Superintendencia de Valores (the country's financial regulator established in 2023), although the Superintendencia de Valores itself has stated that crypto-assets are not authorized or registered for use within the national financial system.

Cryptocurrency exchanges, both local and international, operate in this gray area. While they aren't directly licensed by Paraguayan authorities specifically for crypto activities, they are generally required to comply with general financial laws and AML/CFT policies. Some platforms highlight their adherence to international regulations as a means of building trust. It is possible to buy, sell, and trade cryptocurrencies through these platforms, and even exchange them for cash at some physical locations, though KYC/AML requirements may vary.

The overall situation indicates that individuals can engage in cryptocurrency trading at their own risk. The government is monitoring the space and has taken steps to address money laundering concerns related to virtual asset service providers. However, a clear and specific regulatory framework for retail cryptocurrency trading, including licensing for exchanges or specific tax rules beyond general business income, is still lacking, placing the activity in a "Gray-Zone."

Specific, Relevant Text Excerpts:

  • AInvest (June 18, 2025): "Paraguay has adopted a cautious yet open approach towards cryptocurrencies, allowing their use without making them legal tender. The government has shown interest in monitoring the evolving landscape of digital currencies, but there are currently no specific laws governing their use."
  • AInvest (June 18, 2025): "The absence of formal cryptocurrency laws places Paraguay in a regulatory gray zone, making it a relatively free space for digital currencies."
  • Coinfomania (June 18, 2025): "There are no particular laws governing the use of cryptocurrencies in Paraguay but the government is interested in monitoring the developing scenario. Consequently, the activities associated with cryptocurrencies in Paraguay are now being implemented with minimal control, which also creates an opportunity as well as a risk."
  • Coinfomania (June 18, 2025): "Absence of Formal Laws: As there are no formal cryptocurrency laws, Paraguay is in the gray zone of the regulation. Although cryptocurrencies lack any reference to the law, the government has not tried to prevent their use, and this has made it a relatively free space to the digital currencies."
  • Coinfomania (June 18, 2025): "Currently there are no specific cryptocurrency exchange regulations in Paraguay. This makes the sector largely unregulated with the businesses being required to comply with the general financial laws and anti-money-laundering policies."
  • Vouga Abogados (November 20, 2023): "On May 31, 2019, the BCP issued a statement to investors and the general public, warning about the use of cryptocurrencies. It emphasized that, as they are not issued by a Central Bank, cryptocurrencies have no legal tender or canceling force."
  • Vouga Abogados (November 20, 2023): "Following recommendations issued by FATF regarding 'new technologies,' SEPRELAD issued Resolution No. 8/20. This resolution designated individuals or entities engaging in mining or its equivalent, exchange, transfer, storage, or administration of virtual assets, or participating and providing financial services related to these, as Obligated Subjects."
  • Vouga Abogados (November 20, 2023): "In December 2022, the Paraguayan House of Representatives finally archived the Bill that had been presented in 2021, with the aim of regulating the activities of mining, marketing, intermediation, exchange, transfer, custody, and administration of crypto assets... through Decree No. 7.692/22 of December 2022, the Executive Branch vetoed the Bill in its entirety."
  • Forbes (April 7, 2024): "The proposal, introduced on April 3 by the senatorial chamber at the National Congress, aims to temporarily ban bitcoin mining in the country. This proposed law also aims to prohibit the storage and trading of cryptocurrencies."
  • Bitget News (March 10, 2025): "Paraguay's Central Bank clarified that cryptocurrencies remain unregistered and unauthorized in the country, urging citizens to avoid unregulated crypto platforms."
  • UEEx Technology (April 28, 2025): "Cryptocurrency exchanges operate in a regulatory gray area in Paraguay. While the government hasn't explicitly banned crypto trading, there's no comprehensive legal framework yet."
  • Paraguay Pathways (YouTube, May 22, 2025): "at the official level however there are no regulations of any kind regarding cryptocurrencies themselves they are not officially recognized as either currency nor as a financial instrument nor as an asset in general."

Direct, Accessible URL Links to Specific Sources:

  1. AInvest (June 18, 2025): https://www.ainvest.com/news/articles/paraguay-adopts-open-yet-cautious-approach-to-cryptocurrencies-202506180923/ (Note: While the Google Search result points to this, the direct link might differ or be behind a paywall. The provided link from the search result is: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHbM3wm7i7Eev0JZmR8xf-t_ZgTzDhS-HwBZ4jg03E_-N-sWG1XDdoW779NUIeLoAhthcJ9VnjvzPXivi1Tw305sGYAGTAkBuZOZLN_QnlxLeBvWktC6Rfg4dD_eh7wuQR5Vp7wNWS9q7VrVqaeP8op-rQmo3BLHnXBQb4zeFYXRpKYoRpAiMr7M-vHjbPRvClLCH4Ntg==)
  2. Coinfomania (June 18, 2025): https://coinfomania.com/cryptocurrency-regulation-in-paraguay/ (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQF2cPtpSzhCEI3DfBiX-m6m6ULNGAmkAHTfrLrhUnQSFM0zqgJ_MXriA8ATrzfvMGgzxcKPw7ZgWNpf0ukRqFRy8Fu4QUFvA6wdmY3cecWfhnkyWkzzb4Rz0yNKGNUsjhUbDaj6SoEmlQueIWl7JbE7WVf5x2BvJCoe)
  3. Vouga Abogados (November 20, 2023): https://vouga.com.py/avances-en-la-regulacion-fintech-en-el-paraguay-criptomonedas-y-criptoactivos/ (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGijtS4nB4Djm_9iwvmEt2gmoheAlWoo_vHLoDf6ebxFU-wkbNlrGL56ML8covstMmkwxUuBaCtQw_vEnYSH5z5uDNdN0mbPadtbOARjZK99jcUJrq0xzYp7wsWn-oVcznSDxqUXihNj8UpxrFVWceOw5Xeq28nWnJNPzSDW0aLn1YrRtld-O0gyMefeWV0-gR3j_sbOLM8beE3otsmudonodOuuLdk)
  4. Forbes (April 7, 2024): https://www.forbes.com/sites/digital-assets/2024/04/07/paraguay-to-evaluate-enhanced-regulation-for-bitcoin-mining/ (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHkXYKemY9huOzjxpdQvJMrvo6XLhCIEdvCattdDpV4byDU4Iycz4Mj_6ZU1z9IOrcVdlqTkBG2yMf9Lghxb2R4sqccPudlsDayVhoeIj8f-whyc4fnraTniFeSKzg9TfI8vtdm8mx3WrhUhL1kmhyomLyltsAO2J1LmHjrtcxGGQmtIArB6pAZQz37Chy7PznFskMpucO-hUVM_3pa-eaiMBqVYwbvK5Sasmousak=)
  5. Bitget News (March 10, 2025): https://www.bitget.com/news/articles/12560603808092 (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGyuvkyxI2pc3CPnISE834feJa5KDgRnc-u-nCOD9AeEq4m2_25cuCrAABfLHfAvfcCPrC0YGmkZzBmTExuwZo3vkPrWJQTzZWR-d_j8ki9Z8DRelC66k5rVkhHaz0Y5I-jBxZcq3P8mm4mxS8=)
  6. UEEx Technology (April 28, 2025): https://www.ueex.com/blog/best-crypto-exchanges-in-paraguay-2025-10131 (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQEGv-iewyKkO5CL2JiZnMGeP1QT6TFpqT0IL90NxVq8d4riN3r8DxxiXBwxxJnZfujI8oUuM5dwc49Zj2s7C8K5Rd1yp92BYIAKdDB6QBEnQpOV5rV4bErUnIqa-CZoiZmHzCa5Dq0zpJsGEphMbHHV3ZbK6qveVb7i)
  7. Paraguay Pathways (YouTube, May 22, 2025): https://www.youtube.com/watch?v=YOUR_VIDEO_ID (The search result provides a general YouTube link. The specific video ID would be needed. The search result link for context is: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQElynvZFGYFVYb_mLr_LVLEAiTA4uUR1Qn_mYBdHCAhCCIvfkUkqP2haLdtNR9HVh9w1QhglmepRXzK6GsGFYnJOgaoeCHn_JvKYikxsJR7ZkbaLeX86qAI_av7t30CmFSDtKfpHp4=)
  8. Crypto Briefing (June 9, 2025 - related to a fake announcement but touches on status): (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQHlDDhOC3QJvvdnh_JNecgR5aD45tvFZgWc6NGL0RghQTZ71CmCyT5_W_visk8kYbDxZ-tpOhKE-2B2XUpY_w-9IX5JcqOb5uGhfPTLuJAM3Y2a99-eOlE4aw21OTpxP8cwTf2NCDpwYK8CZWvBjh4nXfBpjS5Ndp7V)
  9. VIXIO Regulatory Intelligence (undated, refers to a bill passed by Congress, contextually older but relevant to legislative attempts): (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFcN7KiNoxJ3fxCTOahzveKaRqaIPId2c3uoBrwGBdv9izyE_RvEjqnaoj_Boz9ND4n8oKwwXnRt6uRwJvJdNtCMzeAlcDGTPCjTHGkmvvVl00lU8aGV6iutJQEn9PH4yuECFGLmN0nwRHesV7gwErJ4QUWyCrfkR-5cF8=)
  10. Crypto News (March 12, 2025 - regarding El Salvador agreement): (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQF70qn4YEthXZxW5hDcQogGApopCwVF3ZU-WF8fbolwbAD4lW_OFCXosvVicunYGicYK0tsyKaOh9GrfI93_pM8jaF8qRYWy_iKcFVg6bO4YjlRaWnG5CxOqVaWhL7YpRnE5hCJWgwjiqgYsAu_Fauq94oBjUe8aF8VBEn7vC7-Wn7_HA4LYZs66I8ytMptOnN1yHbZLxW2zMi3qSGEJspI44Y5LHcYJajY1Jz8IdMtnd5mCQ==)
  11. Satoshi Voice (March 11, 2025 - regarding El Salvador agreement): (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQGpVkvSgBsEYfekrKPCb1psMCzs-gQ2FXLARUSProod4xKK95LE6MHyTmo8lwNC_-4CkD5ZJtmt4egQxkPrN3Gnnmkhp38DOhnliPyDnGplDMEpaaboJm-IThv6WHNtCCihAzQ-k-U8o15SSJAlLvNHoolBW3gwz3J4SWbNAK2Fdq4HnMDb-LzSvOClWn4bjEEON8U_SrRgwjE0-LS8NZRRS6Ys-qwDIIfXJzvou7EksTdvkA==)
  12. BeInCrypto (June 19, 2025 - regarding fake tweet and actual status): (Link from search result: https://vertexaisearch.cloud.google.com/grounding-api-redirect/AUZIYQFPVJ-Ye5JlvcobGnJjqVVie-pxv8WvDMRAGXOpbwDT5DM5AI4HF-R3Qfi4ULvIQQmY116b_ezoqhkBCdx_LCv4_NrB69yTeagu926fb85E8aavhHtSGm52c5uh-v860V1XeFW6aQhBDPYaXvkf76vx0NAJpoX5AfaBEOqk3_xaPb7JeLd_3qEHnuAxSZDvukSuuZs=)

Web Sources (13)

Sources discovered via web search grounding

Search queries used (6)
  • Paraguay cryptocurrency regulation status 2025
  • retail crypto trading laws Paraguay 2025
  • Paraguay AML KYC crypto requirements 2025
  • Paraguay central bank official statements cryptocurrency 2025
  • Paraguay cryptocurrency legal framework 2025
  • current status of cryptocurrency trading for individuals in Paraguay
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