Paraguay’s plan to encourage digital asset mining falls apart after president’s veto
Only 38 out of 80 lawmakers voted to proceed with the bill, and out of the number, nine lawmakers voted against it, and the rest were either absent or voted blank.
Latest Paraguay News
Paraguay President Mario Abdo Benitez rejects block reward mining bill
The president has vetoed the bill, which sought to recognize mining and treat it like an industrial activity with its power tariff 15% above the household tariff.
Paraguay senators pass digital assets and block reward mining bill
The regulation introduces guidelines for the mining, commercialization, intermediation, exchange, custody, and administration of digital assets or instruments that allow control over digital assets.
The CoinGeek Pulse Episode 89: GBC22 in Dubai, China blockchain tech updates, and luxury brands join Web3
The three-day BSV Global Blockchain Convention gathered blockchain leaders and digital assets experts joined by more than 1,000 attendees and 100 participating businesses worldwide.
Paraguay’s digital currency regulations bill moves closer to adoption
The Chamber of Deputies, the lower house of Paraguay's bicameral National Assembly, has voted 40-12 in favor of advancing a digital currency industry regulation bill.
Paraguay approves block reward mining bill
The Senate in Paraguay approved the bill introduced back in July that seeks to regulate mining to consume the surplus energy produced.
Paraguay cracks down on budding crypto industry
Paraguay intends to introduce regulations for its nascent crypto industry for the first time, as it seeks to ensure anti-money laundering laws are followed.
Bitfury, Korean partner set up crypto mining operations in Paraguay
The sites, which will be equipped with Bitfury’s BlockBox AC mobile datacenters, will be powered by clean energy from the Itaipú hydroelectric power plant.
World’s largest crypto mining farm to be built in Paraguay
In a press release by the Commons Foundation, Paraguay will build the world's largest mining centre using low-cost and abundant clean energy.