• A Paraguayan lawmaker has said that he will introduce a bitcoin regulatory bill next week

  • Next week, a bitcoin-friendly congressman in Paraguay plans to introduce regulatory legislation.

    Carlitos Rejala, whose pro-bitcoin tweets have gotten a lot of attention recently, said he’s working with Senator Fernando Silva Facetti to introduce the bill on July 14 or next Wednesday.

    Rajala’s previous statements had aroused anticipation that he might advocate for Paraguay to follow El Salvador’s lead and pass legislation recognizing bitcoin as a form of legal money. Later, he explained his comments, telling Reuters that his plan was focused on regulation.

    “We want regulators and banks to participate as well so that Paraguayans and foreigners can lawfully function with these assets,” he told the outlet late last month. “We know that unlawful transactions exist here and in other countries.” “We want to be a crypto-friendly country,” says the president.

    “It is a bill of digital assets and it differs from that of El Salvador since they are taking it as legal currency and in Paraguay it will be difficult to do something like that,” Rejala was quoted as adding.

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