Paraguay Tightens Crypto Regulations Amid Global Scrutiny

Paraguay's National Directorate of Tax Revenue (DNIT) has issued a resolution introducing stricter reporting requirements for VASPs and individuals making crypto transactions over $5,000 annually.

The resolution, known as Resolution No. 47, requires both operators of VASPs and individuals to submit a detailed statement identifying the type of transaction completed, including purchases, sales, holding, exchanges, donations, inheritances, temporary assignments, rentals, or loans.