Category: Paraguay

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept […]

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Paraguay Eyed as New Bitcoin Mining Destination

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 […]

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Paraguayan Lawmakers Present a Very Different ‘Bitcoin Bill’ Than Expected

Paraguayan Lawmakers Present a Very Different ‘Bitcoin Bill’ Than Expected

A group of Paraguayan lawmakers presented a ‘Bitcoin bill’ in the National Congress last week, but it turned out to be a very different proposal than what crypto followers expected. The bill seeks to control and regulate cryptocurrency transactions and establish taxes. There is no mention of declaring bitcoin or any other cryptocurrencies as legal […]

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This Country Could Make Bitcoin a Legal Tender After El Salvador

El Salvador, the small Latin American state created history in June after it became the first country to pass Bitcoin as a legal tender. The Bitcoin Bill was passed by the country’s congress with a resounding majority and the President assured the decision was no gimmick. Now El Salvador could be joined by another Latin […]

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Lawmaker in Paraguay says he will introduce bitcoin regulation law next week

Lawmaker in Paraguay says he will introduce bitcoin regulation law next week

A bitcoin-friendly lawmaker in Paraguay is set to introduce legislation focused on regulation next week.  Carlitos Rejala, whose pro-bitcoin tweets have drawn attention in recent weeks, said he was working with Senator Fernando Silva Facetti to introduce the measure on July 14, or next Wednesday. I am here to unite Paraguay 🇵🇾, that is why […]

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BREAKING: Paraguay Proposes a Bill to Make Bitcoin Legal Tender

South American nation, Paraguay is on track to make Bitcoin (BTC) a legal tender following the announcement of the proposal of a bill to support the move. The bill proposal was affirmed by a member of parliament Carlitos Rejala who shot into global fame in the past weeks. The bill, if passed will position Paraguay […]

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Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub

Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub

A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. Paraguay Wants to Be Global Hub for Crypto Investors Following El Salvador passing a bill making […]

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Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law

Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law

A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill […]

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Paraguay Hints at Making Bitcoin a Legal Tender After El Salvador

Bitcoin has reached the legal tender stage where countries have started to show interest in adding BTC to their state treasury and El Salvador became the first state to do so. The president of the country Nayib Bukele took to Twitter to announce the news and even revealed that citizens won’t have to pay any […]

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