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A pro-bitcoin congressman in Paraguay has said he will bring bitcoin legislation to Congress next month with the aim of making Paraguay a hub for cryptocurrency investors around the world. Its efforts follow El Salvador’s passage of a bill making bitcoin legal tender.
Paraguay wants to be a global hub for crypto investors
Following El Salvador’s passage of a bill making bitcoin legal tender, a Paraguayan congressman has announced that he is working on bitcoin legislation to be introduced next month.
Hagamos Party MP Carlos Antonio Rejala Helman called on Paraguay to take action similar to El Salvador on bitcoin. The congressman also changed his Twitter profile picture to include laser eyes, meaning he is considering bitcoin at $ 100,000.
The MP is preparing a bill to legalize the use of cryptocurrencies in Paraguay as a means of payment, La Nacion reported on Friday. The bill will establish that any transaction on the national territory can be carried out with bitcoin and the state will take care of promoting and training the different sectors so that they can access this new form of electronic payment, the publication said. .
The congressman reportedly said:
Since we announced that we are working on a bill that legalizes in Paraguay the use of digital assets, better known as digital currencies, or its most popular version, bitcoin, as legal tender for any type of business transaction, various Paraguayan companies have already joined and stepped forward into the new era of transactions, which makes us proud.
The legislator aims to present his bill to Congress in July. Noting that legislation is in the works, he tweeted on June 17 with the hashtag bitcoin, “July we legislate.” He followed up with another tweet which read: “Project presentation arrives July 14.”
The congressman revealed earlier this month that he is working with Bitcoin.com.py CEO Juanjo Benitez Rickmann and “the Paraguayan crypto community to make Paraguay a hub for the world’s crypto investors and then be placed among those on the cutting edge of digital technology.
Rickmann confirmed that he is working with the congressman “to present a plan to congress for Paraguay to become a crypto-friendly country for crypto investors around the world, taking advantage of the renewable and inexpensive energy provided by the hydropower #Itaipu #Yacyreta “.
The congressman tweeted on June 7:
As I said a long time ago, our country must move forward hand in hand with the new generation. The time has come, our time.
“This week we start with an important project to innovate Paraguay in front of the world. The real one on the moon #BTC & #paypal, ”his tweet continued.
Meanwhile, cryptocurrency adoption is growing in Paraguay. A major entertainment group in the country, Grupo Cinco, announced last week that all of its 24 business units now accept bitcoin (BTC), ether (ETH), shiba inu (SHIB) and chiliz (CHZ) cryptocurrencies. ). Additionally, Universidad Comunera (UCOM), a private university in Asunción, Paraguay, now accepts bitcoin for payments.
Would you move to Paraguay if bitcoin is legal tender there? Let us know in the comments section below.
Tags in this story bitcoin bill, Bitcoin law, legal tender of bitcoin, Bitcoin legislation, bitcoin payment methods, Carlitos Rejala, Carlos Antonio Rejala Helman, crypto hub, Paraguay, paraguay bitcoin, paraguay bitcoin legislation, Paraguayan legislator
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