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Paraguay Presidential Candidate Says He Would Make BTC Legal Tender in the Country If Elected

Amy Liu

Summary: Carlitos Rejala, a member of Paraguay’s Chamber of Deputies in his announcement that he would be running for president in 2023, has promised that he would pass a law that would make Bitcoin legal tender in the country of Paraguay.  Carlitos Rejala is a big backer of Bitcoin and the use of cryptocurrencies and has ...

Carlitos Rejala, a member of Paraguay’s Chamber of Deputies in his announcement that he would be running for president in 2023, has promised that he would pass a law that would make Bitcoin legal tender in the country of Paraguay. 

Carlitos Rejala is a big backer of Bitcoin and the use of cryptocurrencies and has previously proposed a bill to legalize and regulate the use of Bitcoin and other digital currencies in Paraguay. He had co-written the bill with another member of the Chamber of Deputies, Silva Facetti. 

The bill proposed the legalization of cryptocurrencies in Paraguay and also building a commercial ecosystem around them. It also proposed establishing entities that would control the public offering of digital assets and create a viable cryptocurrency mining industry in the country. 

By Amy Liu

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