The adoption of blockchain technology and asset tokenization is advancing at a rapid pace, but the real engine driving its global development is the existence of a clear, consistent and innovation-friendly legal framework.
Some countries have already established themselves as regulatory benchmarks, establishing specific rules for cryptoassets, DLT infrastructures and token issuance with legal backing. In this article we show you relevant information about blockchain regulation in Paraguay, which you can use as a guide if you are looking to operate internationally or evaluate different strategic locations.
Current legislation on blockchain and virtual assets in Paraguay
Resolution SEPRELAD No. 314/2021
It establishes that individuals and legal entities that carry out activities associated with virtual assets (mining, exchange, transfer, storage, administration, provision of related financial services) are obliged to comply with Law No. 1015/1997, as amended, as well as with SEPRELAD regulations.
Law No. 1015/1997 (as amended)
It is the framework law for the prevention and repression of money laundering in Paraguay. It includes virtual asset service providers (VASPs) as regulated entities, according to SEPRELAD resolutions. VASPs must apply KYC procedures, transaction monitoring, identification of suspicious transactions and mandatory reporting to SEPRELAD, in line with FATF standards.
Tokenization makes it possible to digitally represent real-world assets through blockchain, but for it to have legal value, it is essential that there is a regulatory framework that recognizes this operation. Paraguay adopts its own approach, establishing specific rules for the issuance, custody or trading of tokens. In this block we explain how asset tokenization is regulated from a legal point of view, taking an advanced jurisdiction such as Paraguay as an example.
Regulation of asset tokenization in Paraguay
Paraguay does not currently have specific legislation regulating the tokenization of financial or non-financial assets. Tokenization projects can be structured under general private law and, if the tokens represent transferable securities, they could be subject to the supervision of the National Securities Commission (CNV Paraguay). For tokens linked to non-financial assets, such as real estate or art, there is no sector regulation, and tax and contractual obligations depend on their structuring.
There are no legal provisions recognizing blockchain technology or DLT as an official system of registration of rights over assets in Paraguay. Neither has a regulatory sandbox nor a pilot regime for tokenization been implemented. Current regulations are limited to the prevention of money laundering, under Law No. 1015/1997 and SEPRELAD resolutions, which include virtual asset service providers as subjects obliged to report.
The regulatory environment is limited, although there are initiatives and public consultations to advance blockchain regulation, as well as for asset tokenization in Paraguay. However, as of June 2025, Paraguay has not passed a comprehensive law on either asset tokenization or cryptoassets.
Secretariat for the Prevention of Money or Asset Laundering (SEPRELAD)
SEPRELAD is the main authority for the prevention of money laundering and terrorist financing. It supervises and regulates virtual asset service providers (VASP), requires registration, AML/CFT compliance, transaction monitoring and suspicious transaction reporting.
Central Bank of Paraguay (BCP)
The BCP does not currently regulate or authorize VASPs or cryptoasset exchanges. It has issued communiqués warning about the risks of operating with cryptocurrencies and the lack of legal recognition of these assets in the national financial system. It participates in regulatory debates and draft legislation, but its role is advisory and warning, not supervisory.
National Securities Commission Paraguay (CNV)
The National Securities Commission of Paraguay, under the Central Bank of Paraguay, could intervene if a digital token qualifies as a negotiable security or if a platform carries out a public offering of digital securities. Its role is relevant for tokenization projects or issuance of security tokens, although it does not currently regulate or authorize cryptoasset exchanges.
Launching a business based on digital assets requires more than just technology: it is also necessary to comply with legal requirements such as licensing, registration and regulatory obligations. These conditions ensure that the business model is viable and sustainable over time, and that it complies with transparency and fraud prevention standards. In this section we explore what licenses are usually required and what compliance criteria blockchain companies operating in Paraguay must follow.
What licenses and requirements are needed to operate with cryptoassets in Paraguay?
SEPRELAD Registration
In Paraguay there is no specific license or formal licensing regime to operate as a virtual asset service provider (VASP). VASPs must register as regulated entities with SEPRELAD, complying with registration requirements and regulations on the prevention of money laundering and financing of terrorism.
AML/KYC Compliance
VASPs are required to implement customer identification and verification (KYC) controls, transaction monitoring, risk analysis and suspicious transaction reporting to SEPRELAD. Compliance with these AML/CFT obligations is essential to operate legally and maintain registration as a regulated entity in Paraguay.
Tax obligations
Activities with cryptoassets are subject to Paraguayan tax regulations. Taxpayers must declare the income derived from these operations and comply with the corresponding tax obligations. In addition, they must keep adequate accounting records to support their declarations.
Are you exploring developing your blockchain project in Paraguay?
At Metlabs we help companies like yours and offer comprehensive support in the development of blockchain projects and tokenization of assets such as real estate, carbon credits, commodities, intellectual property, financial instruments, franchises and more, fully aligned with blockchain regulation in Paraguay and international regulatory standards.
Contact us and discover how we can help you meeting all the needs for your business model, from technical validation and structuring to the design, development and implementation of custom blockchain solutions, ready to scale from day one, complying with the regulations required by SEPRELAD, the National Securities Commission and the Central Bank of Paraguay.