Paraguay Stablecoin Regulation

Stage: Draft

Regulator: Banco Central del Paraguay (BCP)

There is no stablecoin-specific law, but crypto (esp. mining) has been debated in Congress. A 2021–2022 bill to regulate crypto and VASPs (including stablecoins indirectly) was vetoed by the President.

Applicable Laws:

• Crypto Regulation Bill - https://digitalpolicyalert.org/event/13759-adopted-bill-regulating-the-industry-and-commercialisation-of-virtual-assets-s-2110314
• Presidential Veto of Crypto Bill - https://www.shyft.network/newsroom/paraguayan-president-vetoes-virtual-assets-regulation-bill-citing-energy-intensive-nature-of-crypto-mining