Paraguay’s National Directorate of Tax Revenue (DNIT) has issued General Resolution No. 47/26, imposing comprehensive reporting requirements for bitcoin and crypto activity.
The rule targets Bitcoin (BTC) and other digital assets. It mandates that residents and entities disclose nearly all transactions exceeding $5,000 per year.
The resolution requires platforms and administrators to submit detailed data, including wallet addresses, blockchain networks, and transaction hashes. Obligated parties must also report the date and time of each transaction, the amount and USD value, fees paid, and counterparty information, according to local reporting.
The measure covers buying, selling, trading between cryptocurrencies, mining, staking, yield farming, airdrops, lending income, payments, and transfers between personal wallets.
Officials describe the initiative as a step toward integrating cryptocurrencies into the national tax system.
“Proper identification and monitoring will strengthen oversight and compliance,” the DNIT stated. The regulation does not create new taxes but increases transparency for fiscal authorities.
The resolution aligns with recommendations from the Financial Action Task Force (FATF). Since 2019, FATF has urged countries to enforce strict reporting requirements on virtual assets to prevent money laundering and terrorism financing.
Paraguay, as a member of GAFILAT, has incorporated these guidelines to improve anti-money laundering enforcement and reduce international scrutiny.
Read more: bitcoinmagazine.com
Source: CRYPTO WORLD NETWORK NEWS
