Paraguay

No ruling

Virtual Asset (Activo Virtual) · Partial · ↻ under consideration

ExchangesMinersCustodiansTransfer/administration service providers

Comprehensive framework Proposed CASP / VASP regime Unregulated Licensing Unregulated AML / CFT Approved · 2020 Stablecoins Unregulated · Unregulated CBDC N/A Consumer protection Unregulated Travel rule — Advertising rules — Taxation Taxed

Summary

Paraguay has no comprehensive crypto-asset law; virtual currencies are not legal tender and are largely unregulated as financial instruments. The main binding rules are AML/CFT-based: SEPRELAD (the financial intelligence unit) brought virtual-asset activities under Law 1015/97 via Resolution 8/2020 and Regulation 314/2021, requiring VASP registration, KYC, monitoring and suspicious-transaction reporting. Legislative efforts to regulate crypto mining have not produced a comprehensive enacted law (a 2022 bill was vetoed), though mining is shaped by ANDE electricity tariffs and 2024 energy-theft penalties.

Timeline

2020: SEPRELAD Resolution 8/2020 brings virtual-asset activities under AML Law 1015/97. 2021: SEPRELAD Regulation 314/2021 sets an AML/CFT risk-management system. 2022: a crypto/mining regulation bill passes the Senate but is vetoed by the Executive. 2024: mining-regulation bills debated; ANDE raises tariffs on miners and the Senate approves penalties for energy theft tied to unauthorized mining.