Tag: paraguay

Aug 31 2022

Paraguayan president vetoes bill regulating cryptocurrencies

Aug 31 2022 Published at Coinscreed under tags  cryptocurrencies news paraguay

As the country's mining industry continues to grow as a result of cheap energy costs, the law was adopted by the Paraguayan Senate in July. On Monday, Mario Abdo Bentez, the Paraguayan president, vetoed a bill that attempted to classify bitcoin mining as an economic endeavor. He reasoned that the development of a nationally sustainable […] The post...

Jul 18 2022

Bitcoin Trading And Mining Will Now Be Regulated In Paraguay

Bitcoin trading and mining will now be under the crosshair of the Paraguay government. Last month, the Chamber of Deputies of Paraguay endorsed a measure to regulate cryptocurrencies over opposition from the country's central bank. Bitcoinist reported that during a special session in May, deputies approved the modified crypto law draft by a vote of 40 to 12. Now, Paraguay is laying the...

May 29 2022

Paraguay Approves Crypto Regulation Bill Via 40-12 Vote

After El Salvador and the Central African Republic approved Bitcoin as legal tender, other nations, like Paraguay, are hurrying to catch up and implement regulations for this unique asset class. Countries in Latin America are taking cryptocurrencies more seriously and are currently striving to ratify legal and other relevant frameworks. Due to its inexpensive electricity and "crypto- friendly" environment, Paraguay has historically been...

Dec 17 2021

Paraguay’s Bitcoin Bill Passes the Senate

Dec 17 2021 Published at Bitcoin Magazine under tags  bill bitcoin markets mining paraguay

The bill, which does not make bitcoin legal tender in Paraguay, will be discussed by the country’s Chamber of Deputies in 2022.A Paraguayan bill seeking to regulate the trading and mining of Bitcoin and cryptocurrencies in the country passed the Senate on Thursday. Senator Fernando...

Breaking: Paraguay Approves Bill To Regulate Bitcoin Mining and Trading

On Thursday, the Senate of Paraguay passed a bill that seeks to regulate the...

Sep 17 2021

Paraguayan Congressman Would Make Bitcoin Legal Tender If Elected President

Carlitos Rejala, who co-authored a Bitcoin bill in July, said if he wins presidency he will turn bitcoin into an official currency in Paraguay.Yesterday, Paraguayan Congressman Carlitos Rejala shared on Twitter his plans to run for the presidency in 2023 and establish bitcoin as an official currency for his country if he wins. Rejala also co-authored a bill proposal with Senator Silva Facetti...

Aug 05 2021

Sticking To The Regulated Path For Bitcoin In Paraguay

Architects of Paraguay’s Bitcoin legislation argue that its regulatory framework is the best way to foster a mining industry in the country.A few weeks ago, Paraguayan Congressman Carlitos Rejala sent us a translated version of legislation seeking to clarify the legal status of bitcoin and other cryptocurrencies in his country....

Jul 15 2021

Paraguay ’s Bill To Regulate “Crypto Assets” Misses The Point Entirely

Member of Paraguay 's parliament Carlos Rejala fooled the world with his laser eyes. His supposed “Bitcoin Law” proposal doesn’t even mention Bitcoin. Rejala heard about El Salvador’s news and attached himself to it trying to steal its thunder. He then deployed a Twitter marketing campaign with big promises and ended up disappointing the whole world. Related...

Jul 14 2021

Inside Paraguay’s Proposed Bitcoin Bill

A proposed bill for regulating Bitcoin in Paraguay would require mining licenses and establish investor protections.In a WhatsApp conversation I had with Paraguayan Congressman Carlitos Rejala, he shared the draft of a bill meant to regulate Bitcoin in Paraguay.“With this we want to welcome the innovation of cryptocurrencies in Paraguay to the world,'' Rejala said over WhatsApp. “This is the result...

Jul 10 2021

This Country Could Make Bitcoin a Legal Tender After El Salvador

Jul 10 2021 Published at Coingape under tags  bitcoin bill bitcoin news btcbrl btcbusd btcdai

El Salvador, the small Latin American state created history in June after it became the first country to pass Bitcoin as a legal tender. The Bitcoin Bill was passed by the country's congress with a resounding majority and the President assured the decision was no gimmick. Now El Salvador could be joined by another Latin The post This Country Could Make Bitcoin a...

Jul 09 2021

Crypto Entrepreneurs From Paraguay Chip In: Is A Bitcoin Law On The Cards?

When El Salvador announced that Bitcoin would be legal tender in their country, the clock started ticking. What country, if any, would follow in their footsteps? Paraguay was one of the most likely candidates, and member of parliament Carlos Rejala’s...

Jun 24 2021

American University Of Paraguay To Accept Tuition Payments In Bitcoin

The American University of Paraguay will accept bitcoin tuition payments, ahead of forthcoming bitcoin legislation in the country.The American University of Paraguay shared on Twitter that it will accept tuition payments in bitcoin, as well as other cryptocurrencies, beginning on August 1, 2021."From August 1, you will be able to pay...

Jun 17 2021

Jun 07 2021

Paraguay Hints at Making Bitcoin a Legal Tender After El Salvador

Jun 07 2021 Published at Coingape under tags  bitcoin news bitcoin price btcbrl btcbusd btcdai

Bitcoin has reached the legal tender stage where countries have started to show interest in adding BTC to their state treasury...

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