The lower house of Paraguay’s bicameral legislature has failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President M...
Tag: Paraguays
Bitcoin miners could threaten Paraguay’s power stability
Paraguay’s national electricity authority has warned that a bitcoin mining boom in the eastern department of Alto Paraná could “jeopardize” national power stability, the Rio Times reports. Engineer Mi...
Paraguay’s President Vetoes Crypto Mining Law, Citing ‘Massive’ Energy Cost
On Monday, Paraguay’s president, Mario Abdo Benítez, vetoed a bill that would have regulated various digital asset activities, including the commercialization of crypto mining in the country. “The Exe...
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...
Bitcoin Bill Rejected By Paraguay’s President – Here’s Why
The bitcoin utopia dream from this part of the globe could be in jeopardy. Recent years have witnessed a regulatory boom for cryptocurrencies in South America. This was consistent with the rather opti...
Paraguay’s President Turns Down a Proposed Crypto Mining Bill
The President of Paraguay – Mario Abdo Benítez – vetoed a bill that could have regulated cryptocurrency mining and turned it into an industrial activity. The reason appears to be the high electricity ...
Paraguay’s Landmark Crypto Framework Bill Is One Step Away From Greenlight
After working on a comprehensive regulatory framework for a year, the Paraguayan Senate has finally passed the country’s crypto bill. Final Step – President’s Approval The regulatory framework ...
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’s crypto framework one step away from becoming law
The Paraguayan Senate passed a bill on July 14 establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the crypto mining sectors. The bill, introduced last July ...
Paraguay’s new bill may turn the country into mining heaven
On July 14, the Senate of Paraguay sent a bill to the President’s approval to allow crypto miners to use excess energy and be exempt from Value Added Tax (VAT). If the bill passes by the President, Pa...
Paraguay’s crypto industry regulation advances, despite pushback from central bank
Paraguay’s Chamber of Deputies approved the advancement of a crypto regulation bill to the Senate this week, despite pushback from the country’s central bank. In a special session on May 25, deputies...