Paraguay Financial News

18.07 / 18:23

Binance coinbase Gaming UK Option Celsius Mulls Another Option for Its Clients, Central Bank Fines Binance + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

18.07 / 05:57

Adoption Mining regulation South America crypto framework Framework 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.

16.07 / 00:35

regulation Bitcoin lawmakers Consumption US lawmakers US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on the energy consumption of cryptocurrency mining and asking the agencies to require mining to report their emissions and energy use. Meanwhile, the Paraguayan Senate, the upper house of that country’s legislature, has passed a comprehensive bill to regulate cryptocurrency and allow miners to use excess electricity generated in the country.

30.05 / 21:09

regulation Latin America South America Paraguay paves the way for crypto regulation despite internal opposition

Paraguay is viewed by many as a potential hot spot for cryptocurrency adoption due to low electricity costs and relatively soft taxation. The government has recognized this opportunity by pushing forward new legislation around digital assets.

20.05 / 13:37

education Lightning Network lightning Bitcoin bitcoin beach Central bankers bellow Bitcoin on El Salvador's Bitcoin Beach

The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the world shout “Bitcoin!” while posing for a photo in El Zonte, El Salvador:

18.05 / 11:17

Adoption Latin America Bitcoin NOT El Salvador-hosted ‘44-nation Bitcoin Conference’ Not Quite a Nothing Burger

Central bankers attending a large-scale conference have moved to distance themselves from claims they are in El Salvador to talk about bitcoin (BTC) adoption – while local media outlets have suggested that BTC may be further down the agenda for the 44 nations attending than previously claimed. But evidence does suggest that the bankers and government ministers attending have already taken more than a passing interest in El Salvador’s adoption initiatives.

17.05 / 13:27

BTC Digital Strategy Bitcoin Bukele 44 Countries Converge in El Salvador to Discuss Bitcoin Roll Out, President Bukele Says

Forty-four nations are expected to meet in El Salvador to discuss issues touching on banking the unbanked and Bitcoin adoption, according to President Nayib Bukele.

21.04 / 16:49

business education economics Bitcoin From beer to Bitcoin as legal tender: A BTC education in Roatán

Few crypto enthusiasts around the world could point to the remote island of Roatán prior to the Bitcoin 2022 conference in Miami.

23.12 / 12:32

Law Adoption South America Bitcoin Paraguay moves a step closer to regulating digital currency

On Dec. 17, 2021, the Senate of Paraguay approved a cryptocurrency bill introduced in July. The provisions, which define several key terms including virtual assets and call for licenses to mine cryptocurrencies, will now be sent to the Deputy Chamber for further deliberation.

20.12 / 12:51

Mining regulation Latin America 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.

03.12 / 03:27

Mining regulation Latin America Bitcoin debate 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.

07.11 / 16:27

UPS CEO Bitcoin Could Paraguay’s Bitcoin mining foray prove detrimental to its energy needs

Apart from starting a revolution to decentralize monetary institutions, Bitcoin is also infamous for another thing. It is often touted as a ‘dirty’ investment due to its propensity for high electrical consumption. Earlier in May, the erstwhile cryptocurrency mining capitals in China were completely shut down by the government due to environmental concerns. This has had miners scrambling to look for friendlier locations to set up shop, often employing creative means to achieve their ESG goals.

06.11 / 00:13

Mining Latin America Bitcoin Green Bitcoin 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.

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