The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers.
The Chamber of Deputies, the lower house of Paraguay's bicameral legislature, failed to move forward on a bill aimed at promoting crypto mining through the use of surplus electricity following a veto from President Mario Abdo Benítez.
In a Dec. 5 session, members of Paraguay’s legislature discussed the pros and cons of incentivizing crypto miners to operate in the country with a cap on the electricity rates, but ultimately voted against amendments that would have effectively reversed a presidential veto. Lawmakers suggested a lack of regulation around crypto-related activities had led to events like the downfall of FTX, and highlighted the potential benefits of mining in Paraguay as well as the volatility of cryptocurrencies like Bitcoin (BTC).
“Cryptomining would generate a source of employment, investment in capital, municipal taxes, VAT, and a lot for local economies,” said Carlos Sebastian Garcia. “It is appropriate to reject the veto so as not to leave the field free again so as not to leave everything totally regulated and to give a starting point to an industry that has a lot of potential and has a lot of room for growth.”
“The rate with which the energy would be awarded to this industry is 15% above the industrial rate,” said José Reynaldo Rodríguez. “The people and the citizens would be subsidizing the cost of energy. Allocating this price to these types of industries would cause a loss of $30 million annually to the state.”
The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80. Nine lawmakers voted against the measure, with the remaining abstaining, not present, or filing a “blank vote.”
Paraguay’s Senate originally approved the bill in July, which would have recognized crypto mining as an industrial activity in a country known for low electricity rates. The lawmakers also established a 15% tax on related activities. However, President Benítez vetoed the measure in August, leading to lawmakers revisiting it in December.
Related: Tax guidelines for crypto mining pass the first reading in Kazakhstan
Low energy costs in Paraguay have seemingly encouraged local and foreign mining firms to install rigs and other infrastructure, taking advantage of the country’s energy surplus. Neighboring Uruguay has also moved forward with crypto regulation, in a September bill aimed at establishing the country’s central bank as the regulatory authority on digital assets.
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marcushenderson624
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marcushenderson624
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09.10.25 11:05
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11.10.25 04:41
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12.10.25 01:12
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12.10.25 21:36
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elizabethrush89
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robertalfred175
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14.10.25 08:46
robertalfred175
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
15.10.25 21:52
harristhomas7376
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15.10.25 21:52
harristhomas7376
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