Paraguay, in the center of South America, has abundant cheap hydroelectricity from one of the largest dams in the world, Itaipu, which it shares with Brazil. However, as crypto miners have flocked to ...
Tag: Paraguay
Paraguay to Become Top Bitcoin Mining Hub in Latam According to Insight Group – Mining Bitcoin News
Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index. The company notes the...
Bitcoin Miners’ High Hopes for Latin America Dented by Paraguay
At the World Digital Mining Summit in Cancun, Mexico, last month, Bitmain, the world’s largest bitcoin mining rig manufacturer and the host of the conference, touted Latin America, particularly Paragu...
Paraguay Lawmakers Shelve Hotly Debated ‘Crypto Law’
Paraguay’s plans to regulate the crypto mining industry have come to a screeching halt after lawmakers nixed the country’s “Crypto Law” on Monday. The bill, which was set to create a tax and regulato...
Paraguay Crypto Bill Axed by Lawmakers, No Cheap Bitcoin Mining
A Paraguay crypto bill focused on taxation and crypto mining has been tabled by lawmakers. The bill would have established electricity cost caps for mining. Crypto miners will no longer find Paraguay ...
Paraguay legislature strikes down crypto mining bill
Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, c...
Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country – Mining Bitcoin News
The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay, according to statements from the National Power Administration. The boom the country is expe...
Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICs – Mining Bitcoin News
According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage...
Paraguay Senators Reject President’s Bitcoin Mining Law Veto
Paraguayan lawmakers this week rejected the president’s veto of a major Bitcoin mining regulation bill. A total of 33 senators on Wednesday voted to reject President Mario Abdo Benitez’s decision to ...
Paraguay Senators Dissent Presidents Bitcoin Mining Bill Veto
14 seconds ago | 2 mins read Bitcoin News President Benitez vetoed the bill, saying that mining is a waste of energy. Paraguay may gain “new forms of employment,” as per Congressman Daniel Rojas. Para...
Paraguay President Benitez Rejects Crypto Mining Regulation
Mario Abdo Benitez – the president of Paraguay – has rejected a crypto mining bill that would have brought a certain level of regulation to an industry that has grown so popular in recent years. Benit...
Paraguay: new cryptocurrency mining law vetoed
Paraguay’s President Mario Abdo vetoed a bill already passed that sought to recognize cryptocurrency mining as an industrial activity Paraguay: progress on new mining law TeleSUR reports this, saying ...
President of Paraguay Mario Abdo Vetoes Cryptocurrency Bill – Regulation Bitcoin News
The President of Paraguay, Mario Abdo has issued an executive veto on a recently approved cryptocurrency bill. Abdo’s veto decree states cryptocurrency mining is an “energy-intensive” and a low-value-...
Paraguay’s president vetoes proposed crypto industry regulation
Paraguay’s president vetoed a bill that would regulate commercial activities related to digital assets, including crypto mining. President Mario Abdo Benítez voted down the bill in full, according to...
President of Paraguay Vetoes Crypto Mining Bill
Paraguay’s president Mario Abdo Benitez has vetoed a highly anticipated bill that would regulate the cryptocurrency mining sector and other commercial activities related to virtual assets. The bill wa...
Paraguay President Vetoes Crypto Mining Regulation
Bitcoin News The decree set a ceiling on the rates at 15% over the present industrial tariff. Félix Sosa, head of Paraguay’s National Electricity Administration voiced his opposition. On Monday, Presi...
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay – Regulation Bitcoin News
The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immen...
Commons Foundation Signs 100MW Deal for Crypto Mining in Paraguay
The contract between the Paraguay Electrical Authority (ANDE) and the Commons Foundation sets the price for the electricity at $30.78 per megawatt hour (mWh). However the price can be readjusted annua...
Paraguay One Step Closer To Being a Paradise for Bitcoin Miners
Paraguay’s legislature has approved a bill that creates a tax and regulatory framework for crypto mining in the South American country. The senate bill regulates businesses undertaking mining activiti...
Paraguay crypto framework one step away from becoming law –
Paraguayan lawmakers have deliberated for a year on a comprehensive crypto regulatory framework It includes considerations for businesses and traders The bill is now one step away from being ratified ...
Bitcoin Trading And Mining Will Now Be Regulated In Paraguay
Bitcoin trading and mining will now be under the crosshair of the Paraguay government. Last month, the Chamber of Deputies of Paraguay endorsed a measure to regulate cryptocurrencies over opposition f...
Paraguay lawmakers pass a bill targeting crypto taxes and regulations
Senators in Paraguay passed a bill on taxes and regulations in the cryptocurrency sector. The bill targets firms offering crypto trading services and those operating in the crypto mining sector. Parag...
Paraguay set to unveil its crypto regulatory framework 1
Paraguay is set to unveil a framework that will regulate the usage and trade of crypto across the country. According to a recent update, the Senate finally passed the bill some days ago to set the bal...
Paraguay’s congress passes crypto bill, sends to president
Paraguay could soon have a new regulatory framework. On July 14, Paraguay’s Senate passed a bill setting up a new licensing for crypto exchanges and rules for miners, among other areas. The bil...
Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading
The Senate of Paraguay, a South American nation, on Thursday, approved a bill to regulate cryptocurrency mining and trading in the country. The passage of the law is part of an approval made in Decem...
Most Awaited Bitcoin Mining Bill Sanction By Paraguay Chamber
19 seconds ago | 2 mins read Bitcoin News Under the bill cryptocurrency firms will not be required to pay VAT. The power consumption for mining activity will be done under ANDE. On July 14, the South ...
Bitbase Exchange Opens Physical Crypto Trading Store in Paraguay
2 hours ago | 2 mins read Exchange News According to Bitbase, this will be the country’s first shop of its sort. The corporation said it wanted to expand its operations in Venezuela in February. Bitba...
Paraguay passes bill seeking to regulate cryptocurrencies
South American and Central American countries have recorded a growth in crypto adoption levels. Paraguay has become the next country in the region to support a bill fostering the use of digital assets...
Paraguay paves the way for crypto regulation despite internal opposition
Paraguay is viewed by many as a potential hot spot for cryptocurrency adoption due to low electricity costs and relatively soft taxation. The government has recognized this opportunity by pushing forw...
Paraguay Finally Set to Regulate Crypto despite Opposition from the Central Bank – crypto.news
Despite opposition from the country’s central bank, Paraguay‘s Chamber of Deputies has approved the development of a crypto regulation bill for submission to the Senate. This move was started in June ...
Paraguay Passes Crypto Regulation Bill Through Majority Votes
8 hours ago | 2 mins read Editors News The Paraguayan Chamber of Deputies passed a cryptocurrency regulation bill. Deputies voted 40 to 12 to enact the revised bill draught in a special session. Sever...
Despite BCP’s Skepticism, Paraguay Steps Closer To Crypto Regulation
The crypto regulation bill with some changes is passed by Paraguay’s Chamber of Deputies even after the central bank’s reservations. Members of the Senate first introduced this bill for regulating com...