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El Salvador Signs Crypto Regulation Agreement With Paraguay

El Salvador has signed a Memorandum of Understanding with Paraguay to enhance cooperation in the crypto sector. This agreement involves collaboration between El Salvador’s Comisión Nacional de Activos Digitales and Paraguay’s SEPRELAD, focusing on detecting unlicensed crypto operations and improving anti-money laundering practices. The move is intended to ensure financial integrity in the digital economy and follows El Salvador’s efforts to establish a robust regulatory framework for cryptocurrencies.

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