Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 102
    NewsCryptoSponsored Article

    $HYPE and $SUI Trade Flat While MoonBull’s Presale Stage 4 Unlocks $5K-to-$595K Potential – Top Crypto Opportunities 2025

    Hyperliquid and SUI have been grabbing headlines in 2025, but many investors…

    By
    Benedikt Krüger
    October 8, 2025
    image 113
    CryptoNewsSponsored Article
    As HYPE Falls and Aster Expands, BullZilla’s 70% Yield Defines the High APY Cryptos to Stake This Year
    October 8, 2025
    image 101
    CryptoNewsSponsored Article
    Best Crypto Presale: Could MoonBull Be the Best New Coin to Join Today as Floki Grows and Pepe Upgrades Dominate October?
    October 7, 2025
    BNB Chain Integrates Chainlink Data Standard to Stream U.S. Economic Data Onchain
    NewsBlockchainCryptoMarket
    BNB Chain Integrates Chainlink Data Standard to Stream U.S. Economic Data Onchain
    October 7, 2025
    MetaMask to Distribute $30 Million Through New Rewards Program
    NewsCryptoMarket
    MetaMask to Distribute $30 Million Through New Rewards Program
    October 7, 2025
  • Cryptocurrency
    image 102
    $HYPE and $SUI Trade Flat While MoonBull’s Presale Stage 4 Unlocks $5K-to-$595K Potential – Top Crypto Opportunities 2025
    9 Min Read
    image 113
    As HYPE Falls and Aster Expands, BullZilla’s 70% Yield Defines the High APY Cryptos to Stake This Year
    11 Min Read
    image 101
    Best Crypto Presale: Could MoonBull Be the Best New Coin to Join Today as Floki Grows and Pepe Upgrades Dominate October?
    8 Min Read
    BNB Chain Integrates Chainlink Data Standard to Stream U.S. Economic Data Onchain
    BNB Chain Integrates Chainlink Data Standard to Stream U.S. Economic Data Onchain
    6 Min Read
    MetaMask to Distribute $30 Million Through New Rewards Program
    MetaMask to Distribute $30 Million Through New Rewards Program
    8 Min Read
    Trump’s Tariff Stimulus Proposal Sparks Talk of Crypto Liquidity Surge
    Trump’s Tariff Stimulus Proposal Sparks Talk of Crypto Liquidity Surge
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Paraguay considers imposing a temporary ban on cryptocurrency mining
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Paraguay considers imposing a temporary ban on cryptocurrency mining
News

Paraguay considers imposing a temporary ban on cryptocurrency mining

space
dadmin
Last updated: May 12, 2024 5:07 am
By
dadmin
Published May 12, 2024
2 Min Read
Share

Paraguay is considering implementing a temporary ban on cryptocurrency mining due to the strain caused by illegal mining operations on the power grid. The proposed ban, which would last for 180 days or until new laws are enacted, aims to address the issue of unauthorized crypto mining activities that are stealing electricity and disrupting the supply.

Introduced on April 4, the draft law seeks to prohibit the installation of crypto mining farms and activities related to the creation, conservation, storage, and commercialization of cryptocurrencies. It also aims to regulate crypto staking and wallet activities.

The ban would remain in effect until the National Electricity Administration (ANDE) can ensure that it can supply sufficient energy to crypto miners without negatively impacting other users of Paraguay’s electrical system.

The draft highlights the Alto Paraná region, located in the southeast bordering Brazil and Argentina, as a hotspot for crypto mining due to its proximity to the Itaipu hydroelectric dam, which supplies all of Paraguay’s domestic electricity needs. Since February, the region has experienced numerous cases of interrupted power supply attributed to illegal crypto mining operations.

ANDE estimates significant damages and losses caused by each illegal mining farm, with yearly losses in Alto Paraná potentially reaching up to $60 million. The draft argues that implementing crypto regulations would allow Paraguay to better supervise the industry and address issues such as consumer protections, money laundering, and tax evasion.

In 2022, Paraguay nearly passed a tax and legal framework for the crypto and mining sector, but it was vetoed by then-president Mario Abdo Benítez due to concerns about the high power consumption associated with mining activities and its impact on sustainable energy development.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bitcoin Poised for Big Moves? Jamie Coutts Warns Investors to “Be Ready”

3 Top Cryptos in July 2025 That Could Surprise the Market as MoonBull’s Whitelist Nears Capacity

Cardano’s Biggest Upgrade Yet: What Every ADA Holder Must Know!

Gold Reaches New Peak: What’s Next?

Altcoin Bulls, Get Ready: Moustache Sends a Promising Signal

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article space Space Tourism Industry Faces Regulatory Challenges Amid Safety Concerns
Next Article notcoin Notcoin’s Remarkable Surge: A Deep Dive into Its Sudden Market Triumph
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English