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Individuals transacting cryptocurrency on offshore platforms or independently must now report their movements when the amount of crypto transacted surpasses $5,000 per year. Users must now deliver sensitive data, including the purpose of each transaction, hashes, and destination addresses. Paraguay Ramps Up Crypto Reporting Requirements For VASPs and Individuals The government of Paraguay is ramping … Read more
ANDE, the state power company, has partnered with Morphware, an artificial intelligence (AI) and mining tech company, to start a pilot program and use part of its seized miners to produce bitcoin. ANDE’s President, Felix Sosa, stated that the bitcoin mined will be sold as a hedge for futures contracts. Paraguay Readies to Establish Bitcoin … Read more
The EU and South America’s Mercosur formally sign a long‑awaited trade pact in Asuncion to cut more than 90% of tariffs. Top officials from the European Union and the Mercosur bloc signed the Partnership Agreement and an Interim Trade Agreement in Asuncion, Paraguay on January 17, 2026, concluding more than 25 years of negotiations and … Read more
Digital Hive has completed the second phase of development for its mining site in Yguazú, Paraguay, reporting an increase in its hashrate to 18 EH/s. Luke Rossy, Hive’s COO, emphasized that this goal was achieved in record time, with the company entering Paraguay in June 2024. Hive Digital Thrives in Paraguay, Reaches Bitcoin Mining Milestone … Read more
The project will issue 130,000 equity tokens backed by $6 million for the Asunción Innovation Valley, a real‑estate development in Paraguay. The issuance is being managed by Better Use Blockchain, a tokenization platform built on Polkadot. Polkadot $6 Million Equity Tokenization Project Takes Paraguay by Storm Latin America is becoming a pioneer in tokenization projects … Read more
A recent social media post by President Santiago Peña announcing the enactment of bitcoin as Paraguay’s legal tender, shook the crypto community. Nonetheless, this turned out to be a scheme by attackers who gained control of the account and tried to take advantage. Attackers Compromise Paraguay’s President X Account, Announce Bitcoin as Legal Tender Paraguay … Read more
Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the first XRP ETF debuts in Brazil, Argentina keeps winning the dollar battle, and experts warn about an energy collapse in Paraguay due to bitcoin mining. XRP ETF Launches in … Read more
The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay’s power grid could collapse as early as 2029. The union proposed diversifying the nation’s energy sources and reducing dependence on hydroelectricity. Bitcoin Mining Demand Might Spur Energy Collapse in Paraguay by 2029 Paraguay, a … Read more
Diosnel Alarcon, head of the cybercrime unit of the National Police of Paraguay, has indicated that over $4 billion was moved by cryptocurrency scams and Ponzi schemes in 2023 and 2024. Alarcon stated that middlemen help these platforms thrive, as people investing don’t know the basics of crypto. Paraguay Registers $4 Billion in Cryptocurrency Scams … Read more
“Hive Digital Chairman Frank Holmes stated that the company expects to expand its capacity by over 400% with its initiatives in Paraguay, a country that offers ample hydroelectric energy for the company’s operations. Hive Digital Hypes 400% Expansion in Paraguay Hive Digital, one of the largest public bitcoin miners in the world, has announced big … Read more