The ParaguayanSenate will discuss taking bitcoin mining out of the “grey zone”
A bill aimed at regulating the use of cryptocurrencies in the country was discussed in the Chamber of Senators’ session
03.12.2021 - 12:20
315
1 min
0
What’s new? The bill was developed over several months by a group of miners and a member of the Paraguayan parliament Carlos Rejala. On December 2, the issue was tabled for debate in the Senate, Ultima Hora reports.
Information on the Ultima Hora website
Who supported the bill? The first to come out in support was Fernando Silva Facetti, the leader of the Authentic Radical Liberal Party. His opinion prompted other parliamentarians to take a positive view of the document as well. Fellow senators Tony Apuril and Juan Bartolomé Ramírez also voiced their support for the bill.
What does Fasetti say? He urged lawmakers to develop mining as a new industry for the country. The official noted that the move will allow cryptocurrency transactions and mining to cease their activities in the “grey zone” in which they currently exist. Facetti added:
"In no way is it supposed to give these digital assets legal force as currency. The aim is to make them a commodity. If we consider them as a product, they become more visible and they can be traded on the stock exchange like iron, copper, corn, and many others.”
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024