Paraguay News

Pow.re Holdings Limited has announced the commencement of construction of two new crypto mining facilities in Asunción, Paraguay.

Paraguay’s president, Mario Abdo Benitez, vetoed a bill approved by the Senate in mid-July to regulate and recognize crypto mining and commercialization as an industrial activity. Paraguay Takes a Stance on Cryptocurrency Regulation In a decree issued on Monday, the…

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 2021 by Paraguay’s lawmakers, reports The Block on May…

Paraguayan lawmakers are set to submit a bill aimed at regulating the country’s cryptospace and make it mandatory for bitcoin (BTC) linked businesses to register with the Undersecretariat of State Taxation, according to reports on July 14, 2021. Carlos Rejala’s…

After El Salvador, Paraguay could be the next nation to adopt the bitcoin standard. Bitcoin Regulation Legislation to Be Introduced In a tweet shared today, Paraguayan lawmaker Carlitos Rejala said he was working with Senator Fernando Silva Facetti to introduce…

It’s no news that El Salvador recently commenced its journey towards becoming a global hub for innovative technologies by approving bitcoin (BTC) as legal tender in the state and its success would no doubt spur more countries to join the…

Mexican politician Eduardo Murat Hinojosa shared a tweet recently that outlined his support for Bitcoin’s growth. Furthermore, he vowed to promote enabling regulations that will advance hand in hand with the new generation currency, Bitcoin. More Countries Adopting Bitcoin According…

Paraguay’s hydroelectric powered-towns, long associated as dugouts for drug cartels, smuggling, and ammunition rackets, are now home to miners connected in a sophisticated network circuitry to mine cryptocurrencies for their owners. Giving Rise to Meaningful Industry In the city of…