March 28, 2023
Hacks and Crime

2 Crypto Miners in Paraguay Arrested For Stealing Electricity

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 […]

September 1, 2022

Paraguay’s President Vetoes Cryptocurrency Mining Bill

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 […]