Paraguay Enhances Mandatory Reporting Obligations for VASPs and Individuals
Individuals who trade crypto on offshore services or on their own now have to disclose transactions exceeding $5,000 annually. They must submit detailed information such as the transaction’s purpose, hash values, and the receiving addresses. This requirement applies to all users regardless of platform. Paraguay’s authorities are tightening reporting obligations for virtual‑asset service providers and private users. The government has introduced stricter filing duties to increase transparency in digital‑asset activity. Entities and individuals must comply with the new regulations to avoid penalties.























