Bitcoin bill to be presented in Paraguay on Wednesday


TL;DR Breakdown

  • Paraguay congress set to hear Bill on making Bitcoin a legal tender
  • Paraguay to leverage on digital assets to aid innovation
  • Bitcoin bill may propose Paraguay should make crypto a legal tender

Paraguay are in line to follow the footstep of El Salvador as two Paraguayan legislators has said he would present Bitcoin bill on July 14 to the congress.

El Salvador, the small Latin American state created history in June after it became the first country to pass Bitcoin as a legal tender. Paraguay may be next in line to adopt the digital asset as a currency.

Both lawmakers, Carlitos Rejala and Senator Fernando Silva Facetti underscored the urgency in formulating a coherent digital asset strategy for Paraguay.

“I am here to unite Paraguay,” Rejala tweeted on Friday, adding that he and his fellow lawmaker are planning a “mega surprise for Paraguay and the world.”