El Salvador and Paraguayan team to the reinforcement of Cropto regulations

In the revolutionary stroke for the crypto world, El Salvador and Paraguay teamed up forces to deal with the regulations of cryptocurrency. Last Friday, two nations signed an exciting agreement, aimed at improving co-operation at cryptoms. The agreement will help both countries reveal and control illegal crypto activities in Paraguay and improve efforts to fight money laundering.

Seprelad and CNAD Sign Mou

Paraguay Seprelad (Secretariat for Prevention of Money Laundering) and CNAD El Salvador (National Digital Property Commission) signed The Memorandum of Understanding (MOU), which aims to improve cooperation between two agencies in the cryptocurnancy sector.

“The document agrees to promote and facilitate mutual cooperation and exchange of information between both institutions in the field of control, supervision and regulation of the providers of the providers of the asset,” document said.

CNAD President Juan Carlos Reies emphasized that El Salvador paved the way in digital property, the construction of international partnerships for creating a higher and more transparent future. He stressed that a recent agreement not only encourages only innovation, but also provides financial integrity in the global economy.

CNAD El Salvador has created one of the most advanced crypto regulations in the world. CNAD is specifically designed to regulate digital assets, and its access to focus praise are CRIPTO companies received by El Salvador’s digital service provider and a license for digital service provider (DASP).

CNAD is the main authority for all digital assets in El Salvador, which means that anyone acts without permission violates the law. It is unclear whether the agreement from the paraguay will set a similar system there. In addition, El Salvador also signed a crypto regulatory agreement with the Argentine Comsion Nacional de Valores (CNV) in December.

El Salvador continues to buy BTC

El Salvador is still buying Bitcoin, although the IMF sets restrictions on the purchase as part of a $ 3.5 billion agreement. The country now has 6,111 BTC, worth about 507.88 million dollars, and has recently bought 40 BTCs in the last month. Although it has until July 2025. years to follow the Rules of the IMF, before buying Bitcoin too fast.

Reys divided that CNAD has two main goals for international cooperation: the share of expertise to help in other countries to create well-regulated industry and expansion of the global presence of CRPTO companies El Salvador.