Paraguayan government plans new legislation

Great bitcoin news again for crypto fans! Bitcoin still seems to be proving its worth in Latin America. After Paraguay announced a big Bitcoin project last week, a member of parliament is now making it even more official.As early as July, the country would like to publish new legislation relating to cryptocurrencies. What exactly is changing in the Latin American country with regard to cryptocurrencies is not yet known. The MP Carlos Antonio Rejala Helman already stated in advance that the Bitcoin project should be developed in cooperation with PayPal. However, there was no information about this from PayPal.The rumors of legalization as legal tender as in El Salvador are increasing here. After Grupo Cinco, according to its own statements the largest entertainment company in Paraguay, announced that it would accept Bitcoin as a means of payment, Rejala euphorized the crypto community with the following tweet.More and more countries in Latin America seem to see a huge opportunity in cryptocurrencies. Most recently, Panama had also made positive statements about Bitcoin. Gabriel Silva, a Panamanian congressman, had indicated that one should not lag behind countries from the same region.With this statement, Silva was referring to El Salvador. The Central American country was the first country in the world to recognize Bitcoin as the official currency. As the crypto world celebrates this move, the World Bank and the International Monetary Fund (IMF) have grave concerns.Nevertheless, El Salvador is considered a pioneer in this case. Paraguay’s first statement regarding the legalization of cryptocurrencies came just a few days after Nayib Bukele, President of El Salvador, announced that Bitcoin would be legal tender.After all, Bukele did not hesitate long. A bill was sent to Congress within five days. After Congress approves the draft, the country now wants to create the infrastructure within less than…