The legislation was approved with modifications in the country’s Chamber of Deputies, and will now return to the Senate, which had passed it in December.
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Energy Producers Can Lead The Transition To A Bitcoin Standard
If the energy sector adopts bitcoin, it could be the industry to wind up pulling the trump card.
Bitcoin Daily: Paraguay Lawmakers Could Approve Crypto Regulations in 2022; Bitcoin’s ‘1%’ Controls Most of the Cryptocurrency’s Wealth
Cryptocurrency in the South American nation of Paraguay could be facing new rules in the new year. The measure was approved by Paraguay’s Chamber of Senators last summer. Under the legislation, virtual assets are defined, and a license would be required to mine cryptocurrencies. It will now be considered by the country’s Deputy Chamber. The […]
Paraguay moves a step closer to regulating digital currency
A bill that seeks to regulate the local cryptocurrency industry has passed the the Senate of Paraguay.
Paraguay Lawmakers Could Approve Crypto Regulations in 2022
Cryptocurrency in the South American nation of Paraguay could be facing new rules in the new year. The measure was approved by Paraguay’s Chamber of Senators last summer. Under the legislation, virtual assets are defined, and a license would be required to mine cryptocurrencies. It will now be considered by the country’s Deputy Chamber. The […]
Paraguay: Bitcoin & Crypto Mining Bill Passes Senate, Heading to Lower House
Crypto advocates have secured a remarkable victory in Paraguay, with a piece of crypto mining legislation – a private member’s bill – passing a vote in the Senate with a resounding majority….
Read More: Paraguay: Bitcoin & Crypto Mining Bill Passes Senate, Heading to Lower House
Paraguay’s Bitcoin Bill Passes the Senate
The bill, which does not make bitcoin legal tender in Paraguay, will be discussed by the country’s Chamber of Deputies in 2022.
Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’
Paraguay is inching closer to legalizing Bitcoin (BTC) and crypto mining – and potentially opening up its huge hydroelectric power capacity to industrial miners – with more senators lending their support to a key proposal.
The bill has been in the pipelines for several months, and was the brainchild of a group of miners, as well as the MP Carlos Rejala….
Read More: Paraguayan Senate to Debate Taking Bitcoin Mining ‘Out of the Grey Area’
Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution
“Several companies” are eyeing Latin America – and countries like Argentina and Paraguay in particular – as they look to create new bases for Bitcoin (BTC) and altcoin mining operations.
Per Infobae and La Nacion, other firms are looking to follow in the footsteps of the Chinese company Future Fintech that last week “announced formal plans to build a Bitcoin mining facility in Paraguay.”…
Read More: Paraguay, Argentina Are ‘Targets for Crypto Miners’, May Provide Green Bitcoin Solution
Paraguay Eyed as New Bitcoin Mining Destination
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were […]