Paraguay and El Salvador signed a agreement on 7 March 2025 to increase the control of crypto currency service providers. The agreement, which has decided to jointly work against the money laundering and terrorist financing of the two countries, aims to harmonize cross -border regulatory. Seprelad and CNAD officials announced that they will be coordinated in sharing information and preventing unlicensed activities. El Salvador’s Bitcoin $82,275.12 Increasing their purchases and Paraguay’s call to keep citizens away from irregular platforms constitutes the background of the agreement.
Regulatory cooperation and financial transparency
Paraguay’s Black Money Business Prevention Institution (Seprelad) and El Salvador’s National Digital Asset Commission (CNAD) will develop a joint control mechanism against risks in the crypto currency market. The two institutions will share data to detect unlicensed transactions and prevent money laundering activities. Seprelad officials emphasized that this cooperation will increase regulatory transparency, while CNAD President Juan Carlos Reyes García said, “There is a need for innovative solutions for the protection of financial integrity ..
Within the scope of the agreement, the activities of crypto currency service providers will be more closely monitored. Paraguay Central Bank warned citizens to avoid unrelated platforms. It was learned that El Salvador signed a similar agreement with Argentina. These steps reflect the effort of both countries to adapt to global financial standards.
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Concrete steps in crypto money control
El Salvador continues to purchase Bitcoin despite the criticism of the International Monetary Fund (IMF). The strategy of expanding the country’s crypto currency portfolio is merged with regulatory flexibility. While CNAD officials say that cross -border cooperation will increase market confidence, Paraguay plans to strengthen the audit capacity.
Seprelad announced that information exchange processes will accelerate and illegal activities will be prevented. The two countries will also fight against terrorist financing and the spread of mass destruction weapons. El Salvador’s steps in crypto currency are also an example for other Latin American countries.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
