{"id":17096,"date":"2025-03-10T19:31:52","date_gmt":"2025-03-10T19:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17096"},"modified":"2025-03-10T19:31:52","modified_gmt":"2025-03-10T19:31:52","slug":"el-salvador-signs-crypto-regulation-agreement-with-paraguay","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17096","title":{"rendered":"El Salvador Signs Crypto Regulation Agreement With Paraguay"},"content":{"rendered":"
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El Salvador has entered a regulatory agreement with Paraguay on the topic of cryptocurrencies.<\/p>\n

Paraguay\u2019s Secretar\u00eda de Prevenci\u00f3n de Lavado de Dinero o Bienes (SEPRELAD) signed a Memorandum of Understanding (MOU) with El Salvador\u2019s Comisi\u00f3n Nacional de Activos Digitales (CNAD) last Friday.<\/p>\n

The document is supposed to facilitate cooperation between the two institutions for the crypto sector, the SEPRELAD stated<\/a> on its website. The SEPRELAD and CNAD will also collaborate in the detection and control of unlicensed crypto operations in Paraguay, the agency said, and strengthen anti-money laundering practices.<\/p>\n

\u201cEl Salvador continues to share its trajectory and success in the field of digital assets, strengthening international alliances to build a more connected and transparent future,\u201d CNAD President Juan Carlos Reyes posted<\/a> on X. \u201cThis agreement not only fosters innovation, but also ensures financial integrity in a borderless economy.\u201d<\/p>\n

When asked for details about the agreement, Reyes referred CoinDesk to a statement made by the Central Bank of Paraguay on Thursday that cryptocurrencies are not registered nor authorized by the central bank or the Superintendencia de Valores (which was created in 2023 and is part of the Central Bank). <\/p>\n

Paraguayans were advised to not interact with crypto entities that weren\u2019t authorized or regulated by the Superintendencia.<\/p>\n

The central bank\u2019s statement \u201ctells you the importance\u201d of the regulatory agreement between the SEPRELAD and CNAD, Reyes said, without providing further comment.<\/p>\n

El Salvador\u2019s CNAD has established<\/a> one of the most advanced crypto regulatory frameworks in the world. The CNAD was purposefully built to regulate digital assets; the agency\u2019s agency technology-first approach has been thoroughly praised by crypto companies that have received El Salvador\u2019s Digital Asset Service Provider (DASP) license.<\/p>\n

The CNAD is notably the single point of entry for all digital assets in the country, meaning that anyone that isn\u2019t licensed by the commission is breaking the law, Reyes had previously told CoinDesk. It is unclear whether the agreement with Paraguay involves setting up a similar structure for the South American nation.<\/p>\n

El Salvador has already signed<\/a> a crypto regulatory agreement with the Comisi\u00f3n Nacional de Valores (CNV) of Argentina in December.<\/p>\n

\u201cAt CNAD we have two core objectives, when it comes to international collaboration,\u201d Reyes told CoinDesk at the time. \u201cTo share our expertise with international partners, enabling them to harness the benefits of a well-regulated industry. \u2026 [And] to broaden the international footprint of our regulated companies by forging strategic partnership agreements with nations worldwide.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

El Salvador has entered a regulatory agreement with Paraguay on the topic of cryptocurrencies. Paraguay\u2019s Secretar\u00eda de Prevenci\u00f3n de Lavado de Dinero o Bienes (SEPRELAD) signed a Memorandum of Understanding (MOU) with El Salvador\u2019s Comisi\u00f3n Nacional de Activos Digitales (CNAD) last Friday. The document is supposed to facilitate cooperation between the two institutions for the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17096","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17096"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17096\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}