El Salvador and Paraguay Sign Cryptocurrency Regulatory Agreement

Paraguay's Secretariat for the Prevention of Money Laundering (SEPRELAD) and El Salvador's National Digital Asset Commission (CNAD) signed a memorandum of understanding last Friday. This is the second such agreement signed in nearly three months, following a similar regulatory cooperation between El Salvador and Argentina's National Securities Commission (CNV) in December last year.

According to SEPRELAD's statement, the two sides will jointly combat unlicensed cryptocurrency operations and strengthen anti-money laundering measures.