Regulation· ★★· neutral·

Paraguay fintech chamber challenges DNIT crypto reporting rule

  • —Paraguay's Fintech Chamber challenged the DNIT crypto reporting rule
  • —The rule requires identifying users and reporting own transfers
  • —The sector warns of a rise in informal crypto operations
Why it matters: Tighter reporting in Paraguay could push crypto activity into the shadow economy and set a precedent for other countries in the region.
Source: CriptoNoticias
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