“El Salvador Had Previoously Entered an Agreement with Argentina.”, – WRITE: www.coindesk.com
Paraguay’s Secretaría de prevención de lavado de Dinero o bienes (seprelad) signed a memorandum of underworks (mou) with El Salvador’s Comisión Nacional Deaivos Digitales.
The Document is Supped to Facilitis Cooperation Between the Two Institutions for the Crypto Sector, the Seprelad Stated on It Website. The Seprelad and Cnad Will Also Collaborate in the Detection and Control of Unlicensed Crypto Operations in Paraguay, The Agency Said, and Strengthan Anti-Money Launding Praktes.
“El Salvador Continues to Share Its Tradery and Success in the Field of Digital Assets, StrengThening International Allians to Build A More Connected and Transparent Future On X. “This Agreement Not Only Fosters Innovation, But Also Ensures Financial Integrity in A BORDERLESS ECONOMY.”
WHEN ASKED FOR DETAILS ABOUT The Agreement, Reyes Referred Coindesk to A Statement Made by the Central Bank of Paraguay On Thursday that Cryptocurrencies are not the ate. Superintendencia de Valores (whokh was craft in 2023 and is part of the Central Bank).
Paraguayans Were Advised to Not Interact with Crypto entities that wren’s authorized or regulated by the superintendencia.
The Central Bank’s Statement “Tells You The Importance” of the Regulatory Agreement Between the Seprelad and Cnad, Reyes Said, Without Providing Further Comment.
El Salvador’s CNAD HAS ESTABLISHED ONE OF The MOST Advanced Crypto Regulatory Framework in the World. The CNAD WAS PURPOSEFully Built to Regular Digital Assets; The agency’s agency Technology-FIRST APRACH HAS BEEN TORUHHLY PRAISED by Crypto Companies That Have Received El Salvador’s Digital Asset Service Provider (Dasp) License.
The CNAD IS NOTBLY the Single Point of Entry for All Digital Assets in the Country, Meaning That Anyone That Isn’s Licensed by The Commission Is Breaking The Law, Reyes Had Previosly Told. IT is unclear whother the agroment with paraguay involves setting up a similear struxture for the South American Nation.
El Salvador Has Already Signed A Crypto Regulatory Agreement with the Comisión Nacional de valores (CNV) of Argentina in December.
“AT CNAD WE HAVE TWO CORE OBJECTIVES, WHEN IT METS TO INTERNATIONAL COLLABORATION,“ REYES TOLD COINDESK AT THE TIME. “To Share Our Expertise with International Partners, Enabling Them to Harness The Benefits of a Well-Regulated Industry. … [And] To Broaden the International Footprint of Our Regulated Companies by Forging Strategic Partnership Agreements with Nations Worldwide. ”
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