Coinspeaker
Paraguay Seeks to Review Blanket Ban on Bitcoin Mining
Paraguay may be making a U-turn from the Bitcoin mining blanket ban that its lawmakers floated last week. With some progress already made on the controversial proposed ban, officials are now looking to revisit the topic to ascertain that the decision is well thought out.
To this end, government officials have set a date for a public hearing on April 23 to hold a debate. At the hearing, they will consider the benefits and risks that Bitcoin mining poses to the country, to determine which outweighs the other, says Senator Lilian Samaniego during an April 10 senate session.
Paraguay Bitcoin Mining
Recall that on April 4, Paraguayan lawmakers introduced a draft law that would outrightly ban Bitcoin mining in the country, at least for the next 180 days. At the time, they claimed that illegal crypto miners were harming the country by stealing power. Those actions, they said, were taking a toll on the country’s
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