Paraguay’s Bitcoin (BTC) friendly MP Carlitos Rejala is preparing to introduce new legislation next week that focuses on regulation.
Drawing attention with his pro-Bitcoin tweets in recent weeks, Carlitos Rejala said that he is working with Senator Fernando Silva Facetti to introduce the legislation next week.
Rejala’s past statements have led to speculation that Paraguay will follow in El Salvador’s footsteps. However, he later clarified these words and stated that he pointed to the regulations.
Asked if there would be a similar approach to El Salvador, Rejala stated that El Salvador accepts Bitcoin as legal currency, but that this is impossible in Paraguay.