Paraguay: FATF-Style Regulation Unveil Soon for Crypto Industry

A crypto survey has been made by the Latin American country’s anti-money-laundering (AML) chief, the Secretary for Preventing Money and Property Laundering (SEPRELAD). Christian Villanueva, Secretary Minister explained, “Data obtained will be used to measure the degree of adoption, complexity, and size of the virtual asset market in Paraguay, to draft a regulation that adequately regulates them and mitigates the risk of misuse.”

 

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