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Burundi vs Paraguay

Crypto regulation comparison

← Back to map | Burundi | Paraguay
Burundi

Burundi

Paraguay

Paraguay

No Data
Legal

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Paraguay has no specific comprehensive crypto law. President Abdo vetoed a crypto regulation bill in 2022. The BCP does not recognize crypto as legal tender. VASPs must register with SEPRELAD for AML compliance since 2020. Paraguay is a significant crypto mining hub due to cheap hydroelectric power from the Itaipu Dam, though bills to restrict mining due to energy theft have been debated.

Tax Type Unclear
Tax Type Income
Tax Rate N/A
Tax Rate 8-10%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator BCP (Banco Central del Paraguay), SEPRELAD
Stablecoin Rules -
Stablecoin Rules No specific stablecoin regulation
Key Points

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Key Points
  • No comprehensive crypto law enacted; 2022 bill was vetoed by President Abdo
  • Major crypto mining hub thanks to cheap hydroelectric power (Itaipu Dam)
  • VASPs must register with SEPRELAD (anti-money laundering secretariat)
  • Income from crypto activities subject to 8-10% tax rates
  • ANDE (national electricity authority) regulates power consumption for mining operations
Sources

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Sources