The Paraguayan Senate on Thursday re-approved a bill governing cryptocurrency mining and trade in the country. The Senate had previously approved the bill in December, but the Chamber of Deputies modified it and later approved it in May this year. It consequently went back to the upper house for approval. The measure must now be forwarded to the executive branch for approval or veto after being adopted by both chambers, Coindesk reported.
The primary law enforcement agency will be the Ministry of Industry and Commerce, which will penalise anyone or any legal entity using cryptocurrency for mining or other services without the required authorisation, according to the main modification proposed by the Chamber of Deputies, and approved by the Senate.
In other news, tech businesses are still pursuing the promising field of non-fungible tokens (NFTs) despite the volatile cryptocurrency market. In the most recent development, Snapchat is apparently experimenting with new approaches of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...