{"id":62157,"date":"2022-05-27T19:49:10","date_gmt":"2022-05-27T16:49:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62157"},"modified":"2025-09-05T16:16:27","modified_gmt":"2025-09-05T13:16:27","slug":"paraguays-lower-house-approves-bill-regulating-cryptocurrency-mining","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/paraguays-lower-house-approves-bill-regulating-cryptocurrency-mining\/","title":{"rendered":"Paraguay&#8217;s lower house approves bill regulating cryptocurrency mining"},"content":{"rendered":"<p>The lower house of Paraguay&#8217;s parliament approved a bill regulating cryptocurrency mining and trading. This was announced by Congressman Carlos Rejala.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">NOW!<br \/>A big leap for <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> in Paraguay \ud83c\uddf5\ud83c\uddfe\ud83d\ude80<br \/>The second chamber of Congress just approved the bill proposal for creating a legal framework for bitcoin mining. <br \/>100% Hydroelectric renewable power.<a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> <a href=\"https:\/\/twitter.com\/saylor?ref_src=twsrc%5Etfw\">@saylor<\/a> <a href=\"https:\/\/twitter.com\/nayibbukele?ref_src=twsrc%5Etfw\">@nayibbukele<\/a> <a href=\"https:\/\/twitter.com\/jack?ref_src=twsrc%5Etfw\">@jack<\/a> <a href=\"https:\/\/twitter.com\/diiorioanthony?ref_src=twsrc%5Etfw\">@diiorioanthony<\/a> <a href=\"https:\/\/twitter.com\/BitcoinMagazine?ref_src=twsrc%5Etfw\">@BitcoinMagazine<\/a> <a href=\"https:\/\/twitter.com\/CoinDesk?ref_src=twsrc%5Etfw\">@CoinDesk<\/a><\/p>\n<p>\u2014 Carlitos Rejala (@carlitosrejala) <a href=\"https:\/\/twitter.com\/carlitosrejala\/status\/1529509734797148160?ref_src=twsrc%5Etfw\">May 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Forty votes in favour, twelve against. It will subsequently be sent to the Senate for consideration.<\/p>\n<p>According to <a href=\"https:\/\/www.coindesk.com\/policy\/2022\/05\/25\/paraguayan-bill-regulating-crypto-mining-and-trading-moves-closer-to-law\/\">CoinDesk<\/a>, the current bill requires miners to obtain licenses and permission for industrial electricity consumption. The initiative also provides for the creation of a registry for individuals or entities providing trading or storage of cryptocurrencies.<\/p>\n<p>In June 2021, Rejala <a href=\"https:\/\/u1f987.com\/en\/news\/paraguay-to-introduce-bill-to-legalise-bitcoin\">announced a bill<\/a> concerning Bitcoin. Later the congressman clarified that Paraguay <a href=\"https:\/\/u1f987.com\/en\/news\/paraguay-clarifies-bitcoin-legislation-initiative\">does not plan to<\/a> grant digital gold the status of legal tender, and intends to develop \u201ceffective\u201d regulation of cryptocurrencies.<\/p>\n<p>Earlier, Panama&#8217;s President Laurentino Cortizo <a href=\"https:\/\/u1f987.com\/en\/news\/panamas-president-does-not-back-a-cryptocurrency-bill\">did not back<\/a> the Parliament-passed bill regulating the use of cryptocurrencies in its current form.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lower house of Paraguay&#8217;s parliament approved a bill regulating cryptocurrency mining and trading. This was announced by Congressman Carlos Rejala.<\/p>\n","protected":false},"author":1,"featured_media":62158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1482,36],"class_list":["post-62157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paraguay","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=62157"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62157\/revisions"}],"predecessor-version":[{"id":62159,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62157\/revisions\/62159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62158"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}