““From My Perspective, Paraguay Sems to have the Groundwork Laid for Supervision, Regulation, and Taxation Regimes,” SAID CNAD President Juan Carlos Reyes.”, – WRITE: www.coindesk.com
That’s accounting to juan carlos reyes, the president of the comisión nacional de Activos digits (cnad), the agency in charge of regulating cryptocurrencies in El salvador.
“From My Perspective, Paraguay Sems to have the Gundwork Laid for Supervision, Regulation, and Taxation Regimes. It Feels Like They Just Waiting for Politicians to Approve or Propose A Formal Law to Move Things Forward, ”Reyes Told Coindesk.
On Friday Reyes Signed a Crypto Regulatory Agreement with Liliana elizabeth alcaraz recalde, Head of Paraguay’s Secretaría de Prevención de Lavado de Dinero. The agroment of aims to facilitis Cooperation Between the Two Countries WHEN IT CRYPTO, INCLUDING THE DETOification and Control of Unliced Crypto Operations in Paraguay anda Practices.
“WHILE HERE, I HAD The Opportunity to Atend A Presentation by the Director of Taxation, Who Outlined the Country’s Proporated Strategy and Direction For Regulating CrypTecurrencurrenc. Legislative Clarity, “Reyes Told Coindesk. Supervised this Market. ”
El Salvador Has One of the most Comprehensive Crypto Regulatory Frameworks in the World, and Other Countries have reacted out to the small Central American National Nation. Back in December, Reyes Sigrated A Similar Agreement With Argentina’s Comisión Nacional De Valores (CNV).
“One Concern I have about the delay in establishing Clear Regulations is the potential growth of an informal Crypto Market. If’s Not Addressed Soon, It Could Expand to A Scale That Becomes Diflicult, If Not Impossible, To Supervise Effectiely, ”Reyes SAID ABOUT PARAGUAY.
“This reminds me of the unregulated sale of US dollars outtside formal retail Channels in many countries with their Own Currencies,“ He Added. “Independent Sellers Often Provide Better Rates, But There’s No Traceability of the Funds or Visability Involved. WITHOUT TIMELY REGULATION, I WORRY Cryptocurrencies Could Follow a Similar TradecyTory Here, Growing to A Point That’s Touring To Manage. ”
Seprelad Did Not Respond to A Request for Comment.
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