The Paraguayan Senate approved increasing the penalty for Bitcoin miners without proper authorization to 10 years in prison, thus continuing the request made last month by Senator Ever Villalba by modifying article 173 of the Penal Code.
The Senate voted on the proposal, which was approved with 29…
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Bitcoin at risk in Costa Rica and Paraguay
Two American countries could ban Bitcoin. Costa Rica will propose a bill that restricts the use of cryptocurrency in daily transactions and Paraguay is in favor of eliminating the mining of this digital currency, since the high consumption…
Venezuela and Paraguay reestablished diplomatic relations
Through a statement issued by the Ministries of Foreign Affairs of Venezuela and Paraguay, the reestablishment of diplomatic and consular relations was announced. Ambassadors will soon be accredited accordingly.
Nicolás Maduro, President…
Inflation in Paraguay falls to 2.9 % year-on-year in August
The Paraguayan Consumer Price Index (CPI) fell six tenths in August compared to the previous month and now stands at 2.9 % year-on-year, very close to the target range, according to what the Central Bank of Paraguay disclosed on Monday.…
Santiago Peña took office as the new president of Paraguay
Santiago Peña was sworn on Tuesday as the new President of Paraguay for the next five years in a ceremony at the Palacio de López, in Asunción, in which he assured that he would continue the "political vocation" of consensus and agreements…
CAF will work “closely” with the new president of Paraguay
The executive president of the Development Bank of Latin America (CAF), Sergio Díaz-Granados, held a meeting with the president-elect of Paraguay, Santiago Peña, in which he reaffirmed the commitment of the institution he presides over to…
Santiago Peña is elected president of Paraguay
Santiago Peña, candidate of the Colorado Party, was elected this Sunday as the new president of Paraguay, by achieving 43 % of the ballots, according to the Transmission of Preliminary Electoral Results (TREP) system.
"They placed their…
Paraguay raises electricity rates for mining
The National Electricity Administration (ANDE) of Paraguay announced an increase in the rates of the "special intensive consumption group", where cryptocurrency mining stands out.
Decree 7,824, with resolution 46,984, establishes that…
Cryptocurrency regulation law in Paraguay was vetoed
Mario Abdo Benítez, president of Paraguay, this week restricted a bill that was intended to recognize cryptocurrency mining as an activity of the industrial sector.
One of the president's arguments is based on the fact that the high…
CAF approves seven loans for the economic recovery of Latin America
CAF approved the disbursement of 1,650 million dollars corresponding to seven loans destined to support the economic development of Latin America and the Caribbean, with Argentina, Brazil, Paraguay, Peru and Trinidad and Tobago as…
BitBase opens its first ATM in Latin America
The Spanish bitcoin ATM company (BTC ATM), BitBase, officially enters the Latin American market with the inauguration of its first ATM on July 18 in Asunción, Paraguay in front of the CC Shopping Mariscal, with which users will be able to…
Paraguay could receive 500,000 Bitcoin miners
Paraguay has a bill to regulate the mining of digital assets that would allow it to absorb, in three years, more than 500,000 cryptocurrency miners if it manages to consolidate a friendly policy with the bitcoin industry, in addition to…