El Salvador and Paraguay combine to increase cryptography regulations

In a revolutionary decision for the crypto world, El Salvador and Paraguay have joined forces to fight against the regulations of cryptocurrencies. Last Friday, the two nations signed an exciting agreement to improve cooperation on cryptography issues. The agreement will help the two countries to detect and control illegal cryptography activities in Paraguay and improve efforts to fight money laundering.

The Seprelad of Paraguay (Secretariat for the prevention of money laundering) and the CNAD of El Salvador (National Digital Assets Commission) sign A memorandum of understanding (MOU), which aims to improve collaboration between the two agencies in the cryptocurrency sector.

“The document agrees to promote and facilitate mutual cooperation and the exchange of information between the two institutions in the fields of control, supervision and regulation of digital asset service providers,” said the document.

The president of CNAD, Juan Carlos Reyes, stressed that El Salvador opens the way in digital assets, creating international partnerships to create a more connected and transparent future. He stressed that the recent agreement not only encourages innovation, but also ensures the financial integrity of the global economy.

The El Salvador CNAD has created one of the most advanced cryptographic regulations in the world. The CNAD has been specially designed to regulate digital assets, and its technology -oriented approach has been praised by cryptographic companies that have received a license for digital active service from El Salvador (DASP).

The CNAD is the main authority of all the digital assets of Salvador, which means that anyone operating without license breaking the law. It is not clear if the agreement with Paraguay will establish a similar system there. In addition, El Salvador also signed a cryptographic regulatory agreement with Argentina, the Comisión Nacional de Valores (CNV) in December.

Reyes shared that CNAD has two main objectives for international cooperation: sharing its expertise to help other countries create well -regulated industries and to extend the global presence of regulated crypto companies in El Salvador.