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
a year ago
0
Other news
Ripple Resolves Legal Battles with SEC, Opening New Chapter for XRP
Ripple concludes its legal struggle with the SEC, opening new opportunities for XRP and cryptocurrency markets.
Jerome Powell Backs Stablecoins and New Regulations
Federal Reserve Chair Jerome Powell expresses support for stablecoins, highlighting the importance of new regulatory measures for their growth in the U.S.
Figma Invests $70 Million in Bitcoin ETF and Plans Additional Purchases
Figma disclosed its investment in Bitwise Bitcoin ETF and plans to invest an additional $30 million in Bitcoin.
Token $1R0R of R0AR Debuts on MEXC: Expanding DeFi Access
R0AR's token $1R0R is now available on MEXC, extending trading opportunities for global investors.
Katie Hobbs Rejects Arizona's Digital Asset Reserve Bill HB2324
Arizona Governor Katie Hobbs vetoed the digital asset reserve bill HB2324, citing concerns over local law enforcement cooperation.
DDC Enterprise: How the Company Raised $528 Million for Bitcoin Accumulation
DDC Enterprise announced a $528 million capital raise for its Bitcoin accumulation strategy, highlighting growing interest in digital assets among companies.
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