Paraguay

Trading & ownership

Paraguay passed Law 6497 in 2021 regulating crypto mining. Paraguay offers cheap hydroelectric power, making it attractive for miners. The law required miners to register with ANDE (the national electricity company) and pay commercial electricity rates. General crypto trading is not specifically regulated but is not prohibited.

Payments & Commerce

Mining Operations

Exchange Licensing & AML/KYC

KYC: . AML:

Capital Gains Tax

Paraguay has a low flat corporate tax of 10 percent and personal income tax of 8-10 percent. No specific crypto capital gains tax exists.

Income Tax (Staking/Mining)

Crypto mining income for businesses is subject to corporate income tax at 10 percent.

VAT & Sales Tax