Paraguayan Parliamentarians Will Submit The “Bitcoin Bill”
Central American El Salvador( El Salvador) President Nayib Bukele said during June this year that the “Bitcoin Act” delivered earlier will take effect on September 7, when Bitcoin will officially become the country’s legal tender . .
Following El Salvador’s pioneering efforts, this seems to be influencing legislators in Latin American countries to take the same steps and start exploring cryptocurrency strategies. Paraguay, a South American country, is one of them. It is reported that legislation focusing on cryptocurrencies will come forward . .
Paraguayan Congressman Carlitos Rejala announced on Twitter a few days ago that he and Senator Fernando Silva Facetti intend to submit a Bitcoin bill to Congress on July 14, spotlighting the urgency of Paraguayan legislators to formulate a cryptocurrency policy for their country.
Carlitos Rejala wrote in an upright, “I have come to unite Paraguay” and announced on the public to pay close attention to developments, because he and his colleagues in Parliament are planning to “bring a huge surprise to Paraguay and the world.”
Although Carlitos Rejala did not specify the content of the money, some legislators in the country hope that Paraguay can follow the example of El Salvador and establish Bitcoin as the national legal money. Harmonizing to Carlos Rejala’s previous explanation, his upcoming motion is aimed at attracting international cryptocurrency miners and related companies to the country.
Carlos Rejala stated that this proposed proposal will allow fellowships in related fields such as cryptocurrency mining and crypto exchanges to obtain financing for their cryptocurrency procedures in Paraguay, and remit gains overseas, and also The earning of cryptocurrency is used by local banks, and the proposal may also include a provision for “accepting Bitcoin as legal tender.”
Just after El Salvador’s President Bouguerei announced that it would introduce a statement to obligate Bitcoin legal tender, Carlos Rejala then put one across a” laser nose sketch” on Twitter, saying,” This announcement causes me not to be afraid. The same is possible in my country.”
