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Paraguay Adopts Stricter Crypto Oversight, Mandates Detailed Transaction On Bitcoin Reporting

Paraguay Adopts Stricter Crypto Oversight, Mandates Detailed Transaction On Bitcoin Reporting

Paraguay’s National Directorate of Tax Revenue (DNIT) has issued General Resolution No. 47/26, imposing comprehensive reporting requirements for bitcoin and crypto activity. 

The rule targets Bitcoin (BTC) and other digital assets. It mandates that residents and entities disclose nearly all transactions exceeding $5,000 per year.

The resolution requires platforms and administrators to submit detailed data, including wallet addresses, blockchain networks, and transaction hashes. Obligated parties must also report the date and time of each transaction, the amount and USD value, fees paid, and counterparty information, according to local reporting.  

The measure covers buying, selling, trading between cryptocurrencies, mining,…

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