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Paraguay Lawmakers Shelve Hotly Debated Crypto Law

Paraguay’s plans to regulate the crypto mining industry were halted by lawmakers on Monday after months of discussions.

United statesFernando silva facettiLuis benitezMario abdo benitezCarlos rejalaParaguay chamberBlockchain association of paraguayPresident mario abdo benitezLatin americanCongressman carlos rejalaSenator fernando silva facettiBlockchain associationSouth americanLatin americaBitcoin mining

President of Paraguay vetoes crypto regulation law

President Mario Abdo Benítez cited mining’s consumption of electricity as the reason for the veto.

United statesFernando silva facettiFernandosilvafacetti fsilvafacettiMario abdo benParaguayan senateMinistry of industryEconomic graphSenator fernando silva facettiAsset laundering

Paraguay Vetoes Crypto Regulation Bill

The bill s sponsor castigated the move, saying it shows the lack of vision of the state.

Mario abdoFernando silva facettiPresident mario abdoSenator fernando silva facettiCryptocurrency regulationLatin americaCrypto mining

Paraguay s President Vetoes Crypto Mining Law, Citing Massive Energy Cost

The Paraguayan president rejected a crypto mining bill on Tuesday because the energy costs outweigh any employment benefits.

Fernando silva facettiFernandosilvafacetti fsilvafacettiMario abdo benPoder ejecutivoParaguay national electricity administrationExecutive branchPresidencia paraguayNational electricity administrationSenator fernando silva facettiEnergy cost

Paraguay One Step Closer To Being a Paradise for Bitcoin Miners

A bill supporting crypto mining in the South American nation now awaits presidential approval.

United statesEl salvadorNayib bukeleFernando silva facettiMario abdo benitezCarlos rejalaMinistry of industryNational electricity administrationSouth americanCongressman carlos rejalaSenator fernando silva facettiPresident mario abdo benitezAsset launderingCentral americanPresident nayib bukele

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