Paraguay enhances tax regulations for cryptocurrencies, requiring detailed transaction reporting

Paraguay’s National Tax Authority has issued Resolution 47/26 to reinforce tax monitoring on Bitcoin and cryptocurrencies, requiring detailed reporting of user transactions including sensitive data such as wallet addresses and transaction hashes.

These regulations apply to donations, inheritances, and NFTs valued over 5,000 USD annually, aiming to integrate digital assets into the national tax framework and comply with global anti-money laundering standards.