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Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%
27.1.2023
Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency mining activities. According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power...
Bitcoin Miners’ High Hopes for Latin America Dented by Paraguay
14.12.2022
LatAm was touted as a promise land for miners just last month, but a crypto mining-friedly bill in Paraguay was shot down last week
Paraguayan Cryptocurrency Law Shelved After Presidential Veto
9.12.2022
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential...
Paraguay's legislature fails to reverse presidential veto on crypto regulation law
6.12.2022
The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers
Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry
6.12.2022
The bill would cap how much the grid operator can charge bitcoin miners for electricity
Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country
31.10.2022
The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay, according to statements from the National Power Administration. The boom the country is experiencing is taking its toll on the power system, with many miners plugging in illegally...
Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICs
14.10.2022
According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer...
Spanish Crypto ATM Company Bitbase Eyes European and Latam Expansion
11.10.2022
Bitbase, a Spanish cryptocurrency ATM company, is planning to keep expanding its services in 2023. The company, which received investments from Dextools and Woonkly, two Web3-based decentralized companies, aims to reach 200 cryptocurrency ATMs installed in Spain. Bitbase is also working to obtain...
Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill
30.9.2022
The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2. The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto...
President of Paraguay Mario Abdo Vetoes Cryptocurrency Bill
2.9.2022
The President of Paraguay, Mario Abdo has issued an executive veto on a recently approved cryptocurrency bill. Abdo’s veto decree states cryptocurrency mining is an “energy-intensive” and a low-value-added activity. The bill will now be returned to Congress to be approved again...
Paraguay’s President Vetoes Bill That Would Regulate Crypto Mining and Trading
31.8.2022
The bill now heads back to Paraguay’s National Congress, where if it is ratified by both chambers with absolute majorities, it can still be enacted
Paraguay President Squashes Bitcoin & Crypto Mining Bill with ‘Total Veto’
31.8.2022
Paraguayan President Mario Abdo Benítez has spectacularly scuppered a much-vaunted bill that would have legalized and regulated Bitcoin (BTC) and crypto mining in the Latin American country....
Read More: Paraguay President Squashes Bitcoin & Crypto Mining Bill with ‘Total Veto’
President of Paraguay vetoes crypto regulation law
31.8.2022
The bill was approved by the nation's Senate in July as low-energy costs continue to boost mining activities in the country
Crypto ATM Company Bitbase Prepares to Open Operations in Venezuela This Year
29.8.2022
Bitbase, a cryptocurrency store and ATM company headquartered in Spain is preparing to open operations in Venezuela this year. The company is now looking for employees for the stores and crypto ATMs that will be opened. Bitbase would be one of the first international exchanges to open an office...
LATAM’s New Crypto Mining ‘Promised Land’: Pluses & Minuses for Paraguay
23.8.2022
Paraguay has become a “new Latin American Mecca for cryptocurrency mining,” a new report has claimed – but not everyone seems to be happy about the fact that more miners than ever are choosing to set up shop in the nation....
Read More: LATAM’s New Crypto Mining ‘Promised Land’: Pluses & Minuses...
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
4.8.2022
The legislature this month approved a bill regulating crypto mining and trading in the country
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay
4.8.2022
The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations...
Commons Foundation Signs 100MW Deal for Crypto Mining in Paraguay
21.7.2022
The South American country with abundant hydropower wants to attract bitcoin miners
Celsius Mulls Another Option for Its Clients, Central Bank Fines Binance + More News
18.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Celsius Mulls Another Option for Its Clients, Central Bank Fines Binance + More News
Paraguay’s crypto framework one step away from becoming law
18.7.2022
Paraguayan lawmakers have deliberated for a year on a comprehensive crypto regulatory framework that includes considerations for businesses and traders