A bitcoin-friendly lawmaker in Paraguay is set to introduce legislation focused on regulation next week.
Carlos Rejala, whose pro-bitcoin tweets have drawn attention in recent weeks, said he was working with Senator Fernando Silva Facetti to introduce the measure on July 14, or next Wednesday.
I am here to unite Paraguay 🇵🇾, that is why we decided with Senator @FSilvaFacetti to present together the bill #bitcoin on Wednesday, July 14!
— Carlitos Rejala 🙏🇵🇾🙌 (@carlitosrejala) July 9, 2021
Stay tuned since there will be a mega surprise for Paraguay and the world. Something GIANT is coming 🌍#Bitcoin #btc
Rejala's past pronouncements had initially sparked speculation that he would push for Paraguay to follow in the footsteps of El Salvador — that is, to create a law declaring bitcoin as a form of legal tender. However, he later clarified those remarks, telling Reuters that his bill was centered around regulation.