Carlitos Antonio Rejala Helman announced that Paraguay will create a Bitcoin (BTC) legislation in July
Carlitos Antonio Rejala Helman announced that Paraguay will create a Bitcoin (BTC) legislation in July.
Carlitos Antonio Rejala Helman, MP and congressman from Paraguay, plans to introduce a Bitcoin bill next month.
Bitcoin Legislation Explained by Helman
Rejala Helman announced on Twitter that he plans to introduce Bitcoin and cryptocurrency legislation.
“This is Paraguay, we enact it in July.”
Rejala Helman has also previously revealed that the country is working on a project involving Bitcoin and PayPal.
The legislation that Rejela Helman mentioned could make Bitcoin transactions more common, both individually and institutionally.
However, Grupo Cinco, one of Paraguay’s largest entertainment companies, is preparing to accept cryptocurrencies next month . The company will accept Bitcoin, Ethereum (ETH), Shiba Inu (SHIB), and Chiliz (CHZ).