Global #Paraguay

Paraguay is set to hold a meeting in September to explore the creation of a national Bitcoin reserve.

Canadian cryptocurrency mining company HIVE Digital has set its sights on South America, unveiling plans to construct a massive 100-megawatt Bitcoin mining facility in Paraguay.

In a significant move to combat the rising issue of unauthorized cryptocurrency mining, Paraguayan authorities have announced a major milestone in their crackdown on illegal Bitcoin mining operations.

Paraguay, a nation once seen as a haven for cryptocurrency miners due to its abundant hydropower and low electricity costs, is tightening its grip on the industry.

Paraguay's burgeoning Bitcoin mining industry faces a crisis as the National Electricity Administration (ANDE) enacts a 14% electricity price hike specifically targeting crypto mining operations.

Paraguay's booming Bitcoin mining industry is facing a potential roadblock: new energy tariffs proposed by the National Electricity Administration (ANDE). Miners argue these increased costs could cripple their operations and stifle further growth in the sector.

Despite ongoing efforts to crack down on illegal mining operations, the Paraguayan Congress might soon vote on a new bill aimed at regulating Bitcoin mining.

According to the co-founder of Hashlabs Mining, bitcoin mining has made a "positive contribution to Paraguay's trade balance," and a ban might harm the country's economy.

The country of Paraguay is enacting legislation to stop cryptocurrency miners who have been using its electrical grid like a feast. Paraguayan lawmakers have had enough of standing by and have put forth a measure that essentially acts as a gigantic stop sign for cryptocurrency mining and all of its associated activities.