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3232Latam Insights: Bukele Goes Chavez Mode Against High Prices, Paraguay Strengthens Power Theft Penalties For Crypto Mining
https://www.digit.info/latam-insights-bukele-goes-chavez-mode-against-high-prices-paraguay-strengthens-power-theft-penalties-for-crypto-mining/
Sun, 14 Jul 2024 18:07:14 +0000https://www.digit.info/latam-insights-bukele-goes-chavez-mode-against-high-prices-paraguay-strengthens-power-theft-penalties-for-crypto-mining/Read more]]>Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, […]
]]>Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft
https://www.digit.info/paraguayan-senate-passes-law-imposing-up-to-10-years-of-jail-time-on-crypto-miners-for-electricity-theft/
Fri, 12 Jul 2024 19:10:00 +0000https://www.digit.info/paraguayan-senate-passes-law-imposing-up-to-10-years-of-jail-time-on-crypto-miners-for-electricity-theft/Read more]]>The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail time for up to 10 years, while energy theft for other purposes will face penalties for up to three years. […]
]]>Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil
https://www.digit.info/paraguayan-senate-supports-selling-power-to-crypto-mining-companies-criticizes-subpar-energy-agreements-with-brazil/
Sat, 13 Apr 2024 06:00:59 +0000https://www.digit.info/2024/04/13/paraguayan-senate-supports-selling-power-to-crypto-mining-companies-criticizes-subpar-energy-agreements-with-brazil/Read more]]>The Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price and guarantees that these institutions offer. The declaration criticizes the subpar agreements that sell energy to Brazil for 25% of the fees collected for mining activities, calling to direct this energy to 20 new contracts […]
]]>Paraguayan Cryptocurrency Law Shelved After Presidential Veto
https://www.digit.info/paraguayan-cryptocurrency-law-shelved-after-presidential-veto/
Fri, 09 Dec 2022 07:30:41 +0000https://www.digit.info/2022/12/09/paraguayan-cryptocurrency-law-shelved-after-presidential-veto/Read more]]>The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential veto it received. Paraguayan Crypto Law Dropped After […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, […]
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The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail time for up to 10 years, while energy theft for other purposes will face penalties for up to three years. […]
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The Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price and guarantees that these institutions offer. The declaration criticizes the subpar agreements that sell energy to Brazil for 25% of the fees collected for mining activities, calling to direct this energy to 20 new contracts […]
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The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential veto it received. Paraguayan Crypto Law Dropped After […]