Paraguay's tax authority now requires residents and crypto platforms to report nearly all digital asset transactions over $5,000, including wallet addresses and transaction hashes, aiming to integrate cryptocurrencies into the national tax system while raising privacy concerns.
Paraguay Adopts Stricter Crypto Oversight, Mandates Detailed Transaction on Bitcoin Reporting
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Paraguay's tax authority requires residents and crypto platforms to report nearly all digital-asset transactions above $5,000, including wallet addresses, transaction hashes, timestamps, counterparties and amounts, with platforms obliged to submit records to the tax office.
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