Contemplating Legislation to Ban Crypto Mining in Paraguay

by Giorgi Kostiuk

2 years ago

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Cardano Advances Governance and Developer Engagement

Cardano is advancing its governance evolution and enhancing developer engagement, allowing community voting and treasury management, positioning itself as a reliable long-term investment.

Maria Fernandez2 minutes ago

Coinbase Stock Plummets Amid Cryptocurrency Market Downturn

Coinbase Global Inc shares fell sharply on November 17, 2025, due to a significant decline in the cryptocurrency market, affecting major digital assets.

Rajesh Kumar2 minutes ago

Coinbase CEO Reaffirms Commitment to Long-Term Growth Amid Market Challenges

Brian Armstrong, CEO of Coinbase, emphasized the company's focus on long-term growth and innovation despite current market volatility.

Gustavo Mendoza2 minutes ago

Dogecoin and Bonk Continue to Evolve Amidst Market Competition

Dogecoin and Bonk are making strides in their respective ecosystems, focusing on utility updates and expanding influence, while facing competition from presale projects.

Arif Mukhtar6 minutes ago

Floki and Pepe Maintain Strong Community Presence Amidst New Contenders

Floki and Pepe continue to dominate discussions in the meme coin space, with both projects establishing loyal followings and partnerships. However, while they maintain strong community engagement, their growth may be flattening, leaving room for new contenders like MoonBull to emerge.