Paraguay to tighten crypto transaction oversight for tax purposes

Paraguay's National Directorate of Tax Revenue (DNIT) is strengthening its supervisory framework for cryptocurrency transactions, according to a report from Cryptonoticias. A resolution published by the tax authority obligates crypto platforms to report detailed information on all user transactions. Additionally, platforms must submit technical data, including wallet addresses, networks, and the hash value of each transaction. The move is seen as a step toward establishing a framework for cryptocurrency taxation.