Top Crypto Regulator El Salvadora

Paraganda agencies are ready to integrate the crypto sector. All that lacks is legislation.

It is according to Juan Carlosu Reies, President Comision Nacional de Actictos Digitales (CNAD), an agency in charge of regulating the curves in El Salvador.

“From my perspective, Paraguay seems to have the foundations for supervision, regulation and taxation regime. It feels like that politicians will approve or suggest a formal law to move things forward,” Reis Coindesk said.

The rivers signed the rivers on Friday Cripto Regulatory Contract From Lilian Elizabeth Alcaraz Recalde, Chief of Paraguay’s Secretary of Preventin de Lavado de Dinero about Bienes. The agreement aims to facilitate cooperation between the two countries when it comes to CRIPTO, including the detection and control of unlicensed cryptological operations in Paraguay and strengthening the money laundering practice.

“While here, I had the opportunity to attend the presentation of the Director of Taxation, which provides a legislative clarity,” Red Reis has been dealt with the best practices and studying El Salvador successfully arranged and subordinated this market. “

El Salvador had One of the most comprehensive prescribed frames for crypto In the world and other countries, they reached a small central American nation for guidelines. Return in December, Rey signed a A similar contract With Argentine Cusion National Delora (CNV).

“Any concern I have on the delay in the establishment of clear regulations is the potential growth of the informal crypto market. It could be extended on a scale that becomes difficult, if not impossible, to supervise,” Reyes said about Paraguay.

“This reminds me of unregulated sales of American dollars outside formal retail channels in many countries with own currencies,” he added. “Independent sellers often provide better prices, but there is no traceability of funds or visibility involving. No timely regulation, I worry the cryptocurrency could follow a similar path here.”

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