Paraguay legislative committee rejects crypto law

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Paraguay

The budget committee of Paraguay’s chamber of deputies objected to a proposed cryptocurrency law, citing strong objections from the Paraguayan central bank.

The committee judged the law dangerous, according to an April 26 press release, which referred to a strongly negative opinion on the bill from the Central Bank of Paraguay.

The central bank characterised the proposal as “a high-risk project without benefit to the state”. It also argued that cryptocurrency was likely to attract laundered

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