"El Salvador-Paraguay Sign Virtual Asset Regulation Agreement"

Source
JH Kim

Summary

  • El Salvador announced that it has signed a virtual asset regulation agreement with Paraguay.
  • The agreement focuses on cooperation to crack down on unlicensed virtual asset service providers in Paraguay.
  • They also announced plans to strengthen anti-money laundering measures.

According to Coindesk, a virtual asset (cryptocurrency) specialized media, El Salvador has signed a regulatory agreement with Paraguay regarding virtual assets on the 10th (local time).

El Salvador's National Digital Assets Commission (CNAD) signed a memorandum of understanding with Paraguay's Anti-Money Laundering Secretariat (SEPRELAD), through which they plan to cooperate in cracking down on unlicensed virtual asset service providers in Paraguay and strengthen anti-money laundering measures.

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JH Kim

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