Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub
Paraguay Congressman Carlos Antonio Rejala Helman of the Hagamos Party and a pro-bitcoin will present bitcoin legislation in Congress next month following El Salvador passing a bill and welcomed bitcoin as legal tender.
Paraguay Wants to Be Global Hub for Crypto Investors
Following El Salvador passing a bill making bitcoin legal tender, a congressman in Paraguay announced that he is working on bitcoin legislation that will be presented next month.
The deputy of the Hagamos Party has called Paraguay to take similar action to El Salvador regarding bitcoin. He changed his Twitter profile picture with laser eyes, meaning he eyes bitcoin going to 100k. He is also preparing a bill that seeks to legalize the use of cryptocurrencies in Paraguay as a means of payment.
The bill will establish that any transaction within the national territory can be carried out with bitcoin and the state will be in charge of promoting and training the different sectors so that they can access this new form of electronic payments, the publication conveyed.
The congressman was quoted as saying:
“Since we announced that we are working on a bill that legalizes in Paraguay 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 forward towards the new era of transactions, which makes us proud.”
The lawmaker aims to present his bill in congress in July.
