Paraguay (/ˈpærəɡwaɪ/; Spanish:[paɾaˈɣwai]; Guarani:Paraguái[paɾaˈɣwaj]), officially the Republic of Paraguay (Spanish:República del Paraguay, Guarani:Tetã Paraguái), is a landlocked country in central South America, bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the country from north to south. Due to its central location in South America, it is sometimes referred to as Corazón de Sudamérica ("Heart of South America").
The indigenousGuaraní had been living in Paraguay for at least a millennium before the Spanish conquered the territory in the 16th century. Spanish settlers and Jesuitmissions introduced Christianity and Spanish culture to the region. Paraguay was a peripheral colony of the Spanish Empire, with few urban centers and settlers. Following independence from Spain in 1811, Paraguay was ruled by a series of dictators who generally implemented isolationist and protectionist policies.
The Paraguay's source is south of Diamantino in the Mato Grosso state of Brazil. It follows a generally southwesterly course, passing through the Brazilian city of Cáceres. It then turns in a generally southward direction, flowing through the Pantanal wetlands, the city of Corumbá, then running close to the Brazil-Bolivia border for a short distance in the Brazilian states of Mato Grosso and Mato Grosso do Sul.
From the city of Puerto Bahia Negra, Paraguay, the river forms the border between Paraguay and Brazil, flowing almost due south before the confluence with the Apa River.
The Paraguay makes a long, gentle curve to the south-southeast before resuming a more south-southwesterly course, dividing the country of Paraguay into two distinct halves: the Gran Chaco region to the west, a largely uninhabited semi-arid region; and the eastern forested departments of the country, accounting for some 98% of the country's inhabitants. As such the river is considered perhaps the key geographical feature of the country with which it shares its name.
As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay, home to abundant hydroelectric energy ... Quoted widely is Juanjo Benítez Rickmann, CEO of the Paraguay-based mining firm Digital Assets S.A ... hard money via Bitcoin mining.
...National Congress of Paraguay ... According to the report, the presented bill titled “Law that regulates the industry and commercialization of virtual assets – cryptocurrencies” would enable Paraguay to regulate crypto market and mining from four state institutions.
It also makes the point that Paraguay should use its excess energy to mine cryptocurrencies ... in crypto mining in Paraguay.” And they speculate that “After this bill passes Py will position itself in this competitive industry, and plans to lead in sustainable Bitcoin Mining.”.
It seems that Paraguay is going to follow El Salvador in terms of legalizing Bitcoin and crypto assets and focusing on the mining industry ...The new proposal says that the crypto mining industry can help the Paraguay government expand its investment portfolio and find new ways for earning.
Reportedly, the Paraguay Bitcoin bill seeks to regulate crypto ownership and registration, as well as mining and trading. The Bitcoin (BTC) draft bill of Paraguay will require all cryptocurrencies to be registered with the country’s Undersecretariat of State Taxation. The new law will be introduced into Paraguay’s legislature tomorrow.
And that’s not the worst thing ... But crypto? Crypto is thrilling ... Stuff like Ethereum’s forthcoming ‘triple halving’ sequence of upgrades, or Fidelity expanding its staff by 70% due to excess interest from institutional investors, or Paraguay introducing its own Bitcoin bill. Stuff like the Bitcoin mining hash rate recovering as miners find new homes ... .
Paraguay, another small central American nation is all set to introduce a Bitcoin bill this coming Wednesday. Carlitos Rejala, the deputy of Paraguay has hinted at a possible big incoming news on July 14 regarding Bitcoin introduction of a Bitcoin Bill in the Paraguayan parliament by senator Fernando Silva Facetti.
What country, if any, would follow in their footsteps? Paraguay was one of the most likely candidates, and member of parliament Carlos Rejala’s tweet and laser eyes seemed to indicate that there was a possibility ... Why Paraguay Could Follow In El Salvador’s Footsteps ... This is Paraguay 🇵🇾 July we legislate! #Bitcoin https.//t.co/4e4wH7uDrl.
For the past few weeks, many analysts were suspecting that Paraguay is preparing for a major Bitcoin decision ... Bitcoin.com.py’s chief executive Juanjo Benitez Rickmann said that he is working with Rejala to further push digital currencies in the country and tap Paraguay’s renewable energy sources to power crypto mining operations.
is a mining penny stock that explores, extracts, and processes uranium and titanium concentrate. It operates out of the United States, Canada, and Paraguay... has an interest in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects ... On June 23rd the company was announced to be a leader in ISR uranium mining ... VTGN) McEwen Mining Inc.
That was until the mining crackdown in China... This included the refusal of electricity service to known mining operations. In response, miners have signaled interest in setting up new locations, with the U.S., El Salvador, Paraguay, and Kazakhstan named as potential new homes for Chinese mining firms.