Paraguay has rolled out sweeping new cryptocurrency regulations, requiring detailed reporting of Bitcoin and digital asset transactions.

The rules, introduced by the National Directorate of Tax Revenue (DNIT) under General Resolution No. 47/26, target individuals and businesses operating in the crypto space.

New Rules Demand Full Transaction Disclosure

The regulation mandates that all crypto transactions exceeding $5,000 annually must be fully disclosed.

Authorities will require key details such as wallet addresses, blockchain networks, transaction hashes, timestamps, and transaction values in both crypto and U.S. dollars.

Fees paid and information about transaction counterparties must also be reported.

Wide Range of Crypto Activities Covered

The scope of the new law extends beyond simple buying and selling.

Activities such as trading, mining, staking, yield farming, airdrops, lending, payments, and even transfers between personal wallets fall under the reporting requirements.

Officials say the goal is to improve transparency without introducing new taxes.

Alignment With Global Anti-Money Laundering Standards

The regulation aligns with guidelines from the Financial Action Task Force (FATF), which has pushed for stricter oversight of virtual assets since 2019.

As part of GAFILAT, Paraguay is adopting these standards to strengthen anti-money laundering controls and reduce financial crime risks.

Part of Broader Financial Reforms

The crypto rules come alongside wider financial reforms in Paraguay.

Under Law No. 7572/2025, the country has expanded oversight of tokenised assets, with regulators supervising digital instruments linked to property and financial rights.

Authorities say these reforms are part of efforts to modernise Paraguay’s capital markets and improve investor confidence.

Government Eyes Crypto Investment Opportunities

Beyond regulation, Paraguay is also exploring opportunities within the crypto sector.

Plans include Bitcoin mining using seized equipment and tokenisation projects in sectors like real estate and agriculture.

Officials believe these initiatives could attract foreign investment and reduce transaction costs in key industries.

Regional Trend Toward Stronger Crypto Oversight

Paraguay’s move reflects a wider trend across Latin America.

Countries like Brazil have already introduced crypto reporting rules, while Argentina is considering similar legislation.

International organisations such as the International Monetary Fund (IMF) and the Inter-American Development Bank are also supporting efforts to integrate digital assets into formal financial systems.

Implementation to Continue Through 2026

Market reaction has been cautious, with crypto platforms already adjusting policies to comply with the new rules.

Authorities say the regulation marks the first phase of a broader framework, with further measures expected to address taxation and compliance enforcement.

The rollout is expected to continue through 2026, as Paraguay strengthens oversight of its growing digital asset sector.