Latest News for: Paraguay mining

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Paraguayan lawmakers disagree over a new crypto bill

Cryptopolitan 01 Oct 2022
Paraguay’s crypto regulation has been untouched since its citizens began dealing in digital assets ... Paraguay boasts cheap electricity ... Bitfarms, a crypto company headquartered in Canada, announced some months ago that it is looking to set foot into Paraguay to tap from its rich resources for mining purposes.
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This Week in Coins: Bitcoin, Ethereum Escape Broader Market Slide

Decrypt 01 Oct 2022
And on Wednesday, 33 Paraguayan senators voted to reject President Mario Abdo Benitez’s veto of a bill aiming to regulate Bitcoin mining in the South American country. In July, Paraguay’s legislature approved the bill to create a clear-cut tax and regulatory framework that would allow miners to know where they stand while operating in the country.
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Paraguay Senators Reject President’s Bitcoin Mining Law Veto

Decrypt 30 Sep 2022
Paraguayan lawmakers this week rejected the president’s veto of a major Bitcoin mining regulation bill. A total of 33 senators on Wednesday voted to reject President Mario Abdo Benitez’s decision to veto the bill, which wants to regulate Bitcoin mining in the South American country ... Big crypto companies are looking to Paraguay to set up shop.
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Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill

Bitcoin 30 Sep 2022
Senator Enrique Salyn Buzarquis vowed in support of the sanction of the bill, stating that the state should formalize collecting taxes on the cryptocurrency mining activities that are taking place in Paraguay ... What do you think about the evolution of the proposed cryptocurrency bill in Paraguay? Tell us in the comments section below. ....
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Crypto miners turn to infrastructure consultancies like Sabre56 to help them avoid costly mistakes

Business Insider 28 Sep 2022
I know of hundreds of thousands of machines that are sat in warehouses without plug sockets, not generating any value," said Harvey, whose company scouts sites and works with local utility companies to ensure they can accommodate the power for mining.Transforming a hydroelectric dam in Paraguay into crypto power.
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Paraguay President Benitez Rejects Crypto Mining Regulation

LB News 26 Sep 2022
Mario Abdo Benitez – the president of Paraguay – has rejected a crypto mining bill that would have brought a certain level of regulation to an industry that has grown so popular in recent years. Benitez Doesn’t Want to Regulate Crypto Mining ... use was going into crypto mining.
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South American beauties: Vibrant cities, mind-boggling landscapes, ancient wonders - TV’s SIMON REEVE had the ...

The Daily Mail 23 Sep 2022
In between, there were so many adventures from Brazil to Bolivia, Paraguay to Peru, Suriname, Guyana and French Guiana ... 'Travelling through South America is an amazing privilege,' he says, adding that he enjoyed 'so many adventures from Brazil to Bolivia, Paraguay to Peru, Suriname, Guyana and French Guiana'.
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Uruguayan government introduces bill for cryptocurrency-oriented regulations

Financial Express 14 Sep 2022
How blockchain technology can be a game changer for crowdfunding ... In August, Paraguay’s president vetoed a bill on recognition of cryptocurrency mining as an industrial activity, with the argument that mining’s high energy consumption could be a barrier in the growth of a sustainable national industry ... (With insights from Cointelegraph). Also Read ... .
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How to Invest in Nuclear Energy and the Uranium That Powers It

Henry Herald 14 Sep 2022
After the ore is mined, the uranium goes through milling and refining, during which it becomes what’s known as yellow cake ... The weighting of the index is skewed more toward utilities and less toward uranium mining companies ... UEC), which has a processing plant in the state, and has mining projects in the U.S., Canada and Paraguay.
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President of Paraguay Mario Abdo Vetoes Cryptocurrency Bill

Bitcoin 02 Sep 2022
The President of Paraguay, Mario Abdo has issued an executive veto on a recently approved cryptocurrency bill ... The bill will now be returned to Congress to be approved again or to be rejected entirely. President of Paraguay Considers Cryptocurrency Mining an Energy Intensive Activity.
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Bitcoin Bill Rejected By Paraguay’s President – Here’s Why

Bitcoinist 31 Aug 2022
On Monday, however, the president of Paraguay thumbed down a law that would have authorized the government to regulate and tax crypto mining ... The measure recognizes crypto mining as a fundamental aspect of the Paraguayan economy ... This legislation could have also eased the unemployment rate in Paraguay ... However, mining is a another scenario.
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Paraguay’s President Turns Down a Proposed Crypto Mining Bill

CryptoPotato 31 Aug 2022
The President of ParaguayMario Abdo Ben�tez – vetoed a bill that could have regulated cryptocurrency mining and turned it into an industrial activity ... He argued that crypto mining operates in a gray area, and it also uses a considerable amount of energy, which could harm Paraguay’s national electricity network..
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Paraguay’s president vetoes proposed crypto industry regulation

The Block 31 Aug 2022
Paraguay’s president vetoed a bill that would regulate commercial activities related to digital assets, including crypto mining. President Mario Abdo Benítez voted down the bill in full, according to an August 29 tweet from Paraguay’s official presidential Twitter account linking to the vetoed proposal.
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Study shows 62% of Bitcoin network is zero-emission

Cryptoslate 30 Aug 2022
Another study by Arcane Research compared the energy consumption of Bitcoin mining with Cement production. The results showed that the energy used to produce cement in 2022 was 894 TW/h, while Bitcoin mining only consumed 88 TW/h ... On the other hand, Paraguay is trying to lure miners into its territory by supporting the carbon-free mining movement.

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