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Paraguay President Vetoes Crypto Bill

The Breakdown

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Paraguay's Crypto Mining Industry Is Currently in a Legal Gray Area

Paraguay's president has vetoed a bill that would have regulated the crypto mining industry. The bill contained a 15% electricity surcharge for miners, but opponents questioned whether this would be enough to cover the cost of energy consumption. Paragray currently hosts less than half a % of bit coin hash rate, but seems to have the potential to host much more if parliament can arrive at a functional and suitable regulatory framework.

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