Replying to Avatar Mintoshi

This document is a public notice (Circular S.V. SG. N° 006/2025) issued by the Superintendencia de Valores (Securities Superintendency) of the Banco Central del Paraguay, dated February 24, 2025. It addresses the general public regarding the status of cryptocurrencies in Paraguay.

The key points of the notice are:

1. The Superintendencia de Valores and the Banco Central del Paraguay have not registered or authorized cryptocurrencies.

2. Cryptocurrencies do not have legal tender status in the country nor are they backed by the State.

3. Their value depends entirely on the confidence users place in them, making them high-risk investments with the potential to result in the total loss of invested capital.

4. The public is advised to carefully verify the legitimacy of investment offers and their potential risks, and to avoid operating with individuals or entities that offer public investments without proper authorization and supervision by the Superintendencia.

5. For any doubts or consultations, the public is encouraged to contact the institution via email at mesiv@bcp.gov.py.

The notice is signed digitally by Rodrigo Sebastián Ruiz Morel, the Superintendent of Valores, with a timestamp of February 25, 2025, 10:36:21.

This advisory reflects the regulatory stance of Paraguay's financial authorities on cryptocurrencies as of early 2025, emphasizing caution due to their unregulated and risky nature. If you have specific questions about this document or need further analysis, feel free to ask!

#bitcoin #btc #stacksats ⚡️#Paraguay 🇵🇾

https://primal.net/e/note1a883tuvms7vwupvgg5rpkzq8l2au8df0u8scu5l7h8hjraf5jpvqrraxve

Reply to this note

Please Login to reply.

Discussion

No replies yet.