paraguay Archives - Crypto Coin Opps

March 28, 2023

2 Crypto Miners in Paraguay Arrested For Stealing Electricity

Date: Updated April 5, 2023 Story By: Fábian Bustos

Bitcoin Crypto Mining in Paraguay Ⓒ 2023 – Crypto Coin Opps

In a landmark case, two individuals have been arrested and sentenced for stealing electricity to power their Bitcoin mining operation in Paraguay. Edgar Saavedra and Rodrigo Suares have become the first people in the country to face convictions for electricity theft for cryptocurrency mining purposes. The accused have been handed a two-year prison sentence which […]

Paraguay’s President Vetoes Cryptocurrency Mining Bill

Date: Updated September 1, 2022 Story By: Fábian Bustos

Recently, a law that sought to regulate cryptocurrency mining and trade in the South American nation of Paraguay was completely rejected by President Mario Abdo Benitez. According to a presidential announcement, the National Electricity Administration (ANDE), Ministry of Industry and Trade (MIC), and Paraguayan national bank all recommended against the policy. The bill is now […]