Paraguay supports cryptocurrency mining bill
- May 27, 2022
- 0
The lower house of the Paraguayan Parliament has approved a bill regulating the mining and trading of cryptocurrencies. This was announced by Congressman Carlos Rehala. NOW!a big leap
The lower house of the Paraguayan Parliament has approved a bill regulating the mining and trading of cryptocurrencies. This was announced by Congressman Carlos Rehala.
NOW!
a big leap for #bitcoins in Paraguay 🇵🇾🚀
The second chamber of Congress has passed the bill to create a legal framework for bitcoin mining.
100% Hydroelectric renewable power.@elonmusk @saylor @nayibukele @jack @diiorioanthony @BitcoinMagazine @CoinDesk— Carlitos Rejala (@carlitosrejala) 25 May 2022
The document, which received 40 votes, was voted against 12 and will be sent to the Senate for future consideration.
According to CoinDesk, the current bill requires miners to obtain licenses and permits for industrial electricity consumption. The initiative also provides for the creation of a registry for an individual or legal entity that provides services for the trading or storage of cryptocurrencies.
In June 2021, Rehala announced a bill related to Bitcoin. Later, the congressman clarified that Paraguay does not plan to grant legal tender status to digital gold, but will develop an “effective” regulation for cryptocurrencies.
Recall that the President of Panama, Laurentino Cartiso, did not support the bill passed by the Parliament to regulate the use of cryptocurrencies in its current form.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
