---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "south_america", "legal"]
aliases: ["PY", "PRY"]
created: 2026-06-01
updated: 2025-06-01
compile_into: ["[[country--paraguay]]"]
sources:
  - name: "Banco Central del Paraguay"
    url: "https://www.bcp.gov.py"
    type: "official"
---

# 🇵🇾 [[country--paraguay|Paraguay]] (PY) — Crypto Regulation

> Cryptocurrency activities in Paraguay are legal with some regulatory framework in place, including a partially vetoed Crypto mining and trading law from 2022.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Enforcement Level | Low |
| Region | [[domain--south-america|south america]] |
| Currency | [[entity--pyg|PYG]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 10% on income from capital investments |
| Capital Gains (Corporate) | 10% corporate income tax |
| VAT on Crypto | No |
| Mining Tax | Mining operations subject to business income tax at 10% |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |

Paraguay has low tax rates. The 10% income tax rate is attractive for crypto businesses. Cheap electricity (from Itaipú dam) makes mining operations cost-effective.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [[entity--seprelad|SEPRELAD]] / BCP / SIV (formerly CNV) |
| Framework | No comprehensive crypto law enacted. Piecemeal framework: SEPRELAD Resolution 08/2020 and Regulation 314/2021 (VASP AML registration); Law 7572/2025 (Securities and Products Market - covers tokenized assets/DLT); DNIT Resolution 47/26 (crypto transaction reporting, 2026). The 2022 crypto bill was fully vetoed by the Executive and not overridden. |
| Ease | easy |
| Cost | N/A |
| Timeline | N/A months |

The partially vetoed 2022 law addressed crypto mining regulation. Paraguay's cheap electricity attracts mining operations. ANDE (electricity authority) has created special tariffs for crypto miners.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | <span style="color:var(--text-dim,#888)">&mdash;</span> |
| Travel Rule | <span style="color:var(--text-dim,#888)">&mdash;</span> |
| FATF Member | <span style="color:var(--text-dim,#888)">&mdash;</span> |

## DeFi

**Status:** Unclear

No DeFi regulation.

## Stablecoins

**Status:** no_rules

No framework.

## NFTs

**Status:** no_rules

No regulation.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.037/kWh |
| Renewable Energy | 99% |
| Climate | temperate |
| Infrastructure | fair |

Paraguay has very low electricity costs due to abundant hydroelectric power, making it attractive for crypto mining. Infrastructure is developing but still limited compared to major hubs.

## Geopolitics

| Field | Value |
|-------|-------|
| Sanctions | <span style="color:var(--text-dim,#888)">&mdash;</span> |

## Enforcement

ANDE has cracked down on illegal mining operations stealing electricity.

## CBDC Status: none

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [Banco Central del Paraguay](https://www.bcp.gov.py)