PANews reported on March 11 that according to CoinDesk, El Salvador has reached a cooperation agreement with Paraguay on cryptocurrency regulation. This is the second international crypto regulatory agreement signed by the country in three months. A similar agreement has been reached with Argentina. The agreement was signed by Paraguayan anti-money laundering agency SEPRELAD and the El Salvador National Digital Assets Commission (CNAD) last Friday, aiming to strengthen cooperation between the two sides in crypto industry regulation, unauthorized crypto business detection and anti-money laundering compliance.

It is worth noting that the Central Bank of Paraguay has previously stated that cryptocurrencies have not been authorized by it, and reminded the public to be cautious in interacting with non-regulatory entities. The agreement may mean that Paraguay is considering learning from El Salvador’s single digital asset regulatory system.