Paraguay has seen a “significant boom” in crypto mining which lawmakers say is straining the grid, causing outages.
The ban would last 180 days or until new laws are enacted and the national power grid operator can ensure it can supply sufficient energy.
Its broad scope seemingly aims to regulate crypto staking — “the creation of new crypto assets” — and wallets — “the conservation and storage activities of crypto assets.” A highlighted and translated excerpt of the draft law outlining what would be banned. Source: Republic of Paraguay Congress
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