DNIT — Paraguay's National Directorate of Tax Revenue — published Resolution 47, inaugurating a new stage of supervision over the country's crypto market. The rule imposes detailed reporting obligations on residents and entities operating virtual assets.
What needs to be reported
For every transaction that, added up over the year, exceeds US$ 5,000, the operator must submit to the authority:
- Wallet addresses involved;
- Blockchain network used;
- Transaction hash;
- Exact date and time;
- Value in crypto and dollar equivalent;
- Fees paid;
- Counterparty information.
Mining also comes into focus
In parallel, the Chamber of Deputies approved, on December 4, two resolutions that require all Bitcoin miners in the country to register with the State. Currently Paraguay has 45 licensed operations, with another 20 under review.
The official motivation is to combat illegal mining, which drains subsidized energy from the hydroelectric system without contributing taxes. In parallel, ANDE — the energy state-owned company — signed an MoU with Morphware for a state mining program with seized equipment and idle hydroelectric power.
Strategic context
Paraguay has positioned itself in recent years as one of the most interesting crypto hubs in Latin America, combining cheap energy, light tax burden and relative regulatory openness. DNIT 47 does not break this logic, but redefines the limits: nothing against crypto, everything against opacity.
The regional trend
Combined with Brazil's steps (BCB Resolutions 519/520/521) and discussions in Argentina about integrating crypto into declared assets, Paraguay confirms a clear trend: the Latin American regulatory axis is consolidating in 2026 around on-chain transparency, counterparty identification and detailed tax reporting.
The ON3X perspective
From day one, ON3X works under the assumption that the future of crypto is transparent and auditable. DNIT 47 is not an obstacle for those operating on a regulated platform — it is, in practice, the recognition that the good practices we already apply (robust KYC, on-chain monitoring, reporting to authorities) are the new minimum standard for the entire industry.
For Paraguayan users, the recommendation is simple: operate on a registered platform and keep your declaration up to date. For regional players, it's time to treat LATAM as a single regulatory block in formation.