Tag: Paraguays
Paraguay’s Finance Chief Pitches Tax, FX Stability to Investors
Paraguay’s new Finance Minister Carlos Fernandez pledged Wednesday to keep taxes unchanged and defend the value of the currency against inflation as h [...]
Paraguay’s legislature fails to reverse presidential veto on crypto regulation law
The Chamber of Deputies, the lower house of Paraguay's bicameral legislature, failed to move forward on a bill aimed at promoting crypto mining throug [...]
Paraguay’s President Vetoes Bill That Would Regulate Crypto Mining and Trading
In its recommendation to the executive branch, the Central Bank of Paraguay said that “cryptocurrencies are not backed by any monetary authority and, [...]
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
“On that point we believe that [the cap] has to respond to a cost structure so that it is viable for the installation of electric power supply,” Sosa [...]
Paraguay’s crypto framework one step away from becoming law
The Paraguayan Senate passed a bill on July 14 establishing a tax and regulatory framework for businesses operating in the cryptocurrency and the cryp [...]
Paraguay’s Senate Approves Proposal Regulating Crypto Mining and Trading
One of the main attractions for mining companies is the cost of electricity in Paraguay, which is the lowest in the region at around $0.05 per kilo [...]
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