Legislators in Paraguay are considering a ban on cryptocurrency mining to address the country's severe energy crisis. The proposed legislation is a response to concerns about the impact of illegal crypto mining on Paraguay's power supply. Paraguay's abundance of hydroelectric resources has attracted crypto miners looking for affordable energy sources.
**Contemplating Legislation to Ban Crypto Mining in Paraguay**

by Giorgi Kostiuk
2 years ago

Other news
New Escrow Service on XRP Ledger Announced

XRPL validator Vet has announced a new escrow service that could soon launch on the XRP Ledger, enhancing benefits for token holders as Ripple continues to expand its network.

XRP Treasury Firm Reports 8X Growth in Tokenized Treasuries

Ripple-backed firm Evernorth reports an 8x growth in tokenized US Treasuries on the XRP Ledger, increasing from $50 million to $418 million in one year.

Ripple Expands Operations with New Headquarters in Dubai

Ripple has opened a new regional headquarters in Dubai's International Financial Centre to enhance its operations in the Middle East and Africa.

Crypto Analyst Predicts Local Bitcoin Top

Analyst Kaz warns that Bitcoin is nearing a local top and may drop below $60,000.

Political Uncertainty Surrounds South Korea's Crypto Tax Legislation

Political uncertainty surrounds South Korea's crypto tax legislation as the People Power Party pushes to abolish it.

South Korea's NTS Prepares for Crypto Tax Implementation

The National Tax Service of South Korea has begun preparations to implement a tax on crypto income starting in 2027, following years of delays.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter