Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Paraguay and El Salvador Sign Agreement to Strengthen Crypto Oversight and AML Efforts

Paraguay and El Salvador Sign Agreement to Strengthen Crypto Oversight and AML Efforts

UnlockMediaUnlockMedia2025/03/12 20:22
By:News DeskNews Desk

Paraguay’s Secretaría de Prevención de Lavado de Dinero o Bienes (SEPRELAD) and El Salvador’s Comisión Nacional de Activos Digitales (CNAD) officially announced a cooperation agreement last Friday. The partnership aims to enhance oversight of the crypto sector, reinforce anti-money laundering (AML) measures, and identify unauthorized operations in Paraguay, according to SEPRELAD’s statement.

Juan Carlos Reyes, president of CNAD, emphasized the significance of the collaboration on X (formerly Twitter), noting El Salvador’s commitment to sharing its expertise in digital asset regulation to promote a more transparent and interconnected financial landscape.

El Salvador has emerged as a global leader in cryptocurrency regulation. The CNAD, its dedicated digital asset regulator, has adopted a tech-forward approach that has earned recognition from industry participants.

A key feature of El Salvador’s regulatory framework is that CNAD is the sole authority permitted to issue licenses to crypto operators within the country. Operating without a CNAD license is a legal violation.

However, it remains unclear whether Paraguay plans to adopt a similar regulatory structure as part of this new partnership.

Paraguay’s Current Stance on Digital Assets

Paraguay’s Central Bank issued a statement last Thursday reaffirming that cryptocurrencies are not officially recognized or authorized by the government or the newly established Superintendencia de Valores, a financial supervisory body launched in 2023.

In this context, CNAD President Reyes underscored the relevance of the agreement, highlighting its role in safeguarding users and promoting a secure financial environment. Details of the partnership, however, have not yet been disclosed.

Paraguayan authorities have also warned citizens to avoid engaging with crypto firms that are not registered or regulated by the Superintendencia de Valores.

Strengthening Regional Cooperation for Financial Security

This agreement with Paraguay follows a similar pact signed in December between El Salvador and Argentina’s Comisión Nacional de Valores (CNV). The CNAD is clearly expanding its international partnerships to advance regulatory frameworks across the region.

Reyes previously told CoinDesk that CNAD’s international cooperation efforts focus on two key objectives:

  1. Sharing El Salvador’s regulatory expertise to help other nations establish robust crypto frameworks.
  2. Supporting the global expansion of companies regulated by El Salvador through strategic alliances.

These agreements highlight the increasing importance of cryptocurrency regulation in Latin America. El Salvador is positioning itself as a regional and international leader by promoting clear regulatory guidelines and cooperative strategies to protect investors and financial institutions.

Whether Paraguay will implement a regulatory model similar to El Salvador’s remains to be seen. In the meantime, the new alliance marks another step toward enhancing transparency and security in the digital asset space across the region.

* Read our disclaimer
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitget Builder+ Initiative is now recruiting!

Bitget Announcement2025/10/17 11:00

New spot margin trading pair — YB/USDT!

Bitget Announcement2025/10/16 08:00