Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub – Regulation Bitcoin News
A pro-bitcoin congressman in Paraguay says he will introduce bitcoin legislation to Congress next month with the aim of making Paraguay a hub for cryptocurrency investors around the world. His efforts come after El Salvador passed a law making bitcoin legal tender.
Paraguay wants to be a global hub for crypto investors
To El Salvador pass a bill making bitcoin legal tender, a Paraguayan congressman announced that he was working on bitcoin legislation to be tabled next month.
The MP Carlos Antonio Rejala Helman of the Hagamos party has urged Paraguay to take similar action as El Salvador on Bitcoin. The congressman also changed his Twitter profile picture to include laser eyes, which means he is seeing $ 100,000 in bitcoins.
The MP is preparing a law to legalize the use of cryptocurrencies as a means of payment in Paraguay, La Nacion reported Friday. The bill will allow any transaction within the country to be made using Bitcoin, and the state will be responsible for promoting and training the various sectors so they can access this new form of electronic payments, the publication said.
The congressman was quoted as saying:
Since we announced that we were working on a bill in Paraguay that would legalize the use of digital assets, better known as digital currencies, or its most popular version, Bitcoin, as legal tender for any type of commercial transaction, various Paraguayan companies have already joined and took a step towards a new era of transactions, which makes us proud.
Legislators intend to submit their bill to Congress in July. He notes that the legislation is in preparation, tweeted on June 17th with the bitcoin hashtag “July we legislate”. He followed with another tweet saying, “The presentation of the project comes on July 14th.”
The Congressman uncovered Earlier this month, that he is working with the CEO of Bitcoin.com.py, Juanjo Benitez Rickmann and “the Paraguayan crypto community to make Paraguay a hub for the world’s crypto investors and then one of the frontrunners” in digital technology. “
Rickmann Approved that he is working with the congressman “to introduce a project in Congress to make Paraguay a crypto-friendly country for global crypto investors by harnessing the renewable and inexpensive hydropower #Itaipu #Yacyreta”.
The Congressman tweeted on June 7th:
As I said a long time ago, our country must go hand in hand with the new generation. The moment has come, our moment.
“This week we are starting an important project to renew Paraguay in front of the world. The real one to the moon #BTC & #paypal “, it continues in his tweet.
Meanwhile, the adoption of cryptocurrency in Paraguay is increasing. A large entertainment group in the country, Grupo Cinco, announced last week that all of its 24 divisions now accept cryptocurrencies Bitcoin (BTC), Ether (ETH), Shiba Inu (SHIB) and Chili (CHZ). Additionally, Universidad Comunera (UCOM), a private university in Asunción, Paraguay, is now accepting Bitcoin for payments.
Would you move to Paraguay if Bitcoin was legal tender there? Let us know in the comment section below.
Photo credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or approval of any product, service, or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.