El Salvador Has Enterered a Regulatory Agreement with Paraguay on the Topic of Cryptourrencies.
Paraguay’s Secretaría de Prevención de Lavado de Dinero O Bies (Seprelad) Signed a Memorandum of Understanding (MO)
The Document is SuppoSed to Facility Cooperation Between the Crypto Sector, The Seprelad Stated 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.
“El Salvador Continues to Share Trajector and Success in the Field of Digital Assets, Strengthenning International Alliances to Build A More Connected and Transparent Future,” Cnad Presidident Juan Carlos Reyes Posted on X. The AGREENT NOT ONLY NOT ONLY FOSTERS Innovation, But Also Ensures Financial Integrity in A Borderless Economy. ”
WHEN SUSTED FOR DETAILS ABout The Agreement, Reyes Reference 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 SuperindenCia de Valores Central Bank).
Paraguayans were adviseed to note interact with the entities that wereren’t authorized by the superintendencia.
The Central Bank’s Stratement “Tells You The Importance” of the Regulatory Agreement Between The Seprelad and Cnad, Reyes Said, with provoking further comment.
El Salvador’s Cnad Has Established One of the Most Advanced Crypto Regulatory frameworks in the World. The CNAD WAS Purpoufully Build to Regulate Digital Assets; The agency’s agency technology-first approach has been thoroughly praised by Crypto Companies that have Recated El Salvador’s Digital Asset Service Provider (DASP).
The CNAD is notably the Cingle Point of Entry for All Digital Assets in the Country, Meaning That Isn’t Licensed by the Law, Reyes Had Previously Told Coodesk. It
El Salvador Has Alteredy Signed A Crypto Regulatory Agreement with the Comisión Nacional de Valores (CNV) of Argentina in December.
“At cnad we have two core objectivs, where it comes to international collaboration,” Reyes Told Coindesk at the Time. “To share our expertise with the international partners, Enabling them to a well-regulated Industry. ….
