Bitcoin

<ul><li>The Paraguayan Senate is reconsidering a ban on BTC mining, exploring the financial benefits of using surplus hydropower energy for mining operations.</li><li>A public hearing on April 23 will discuss the advantages and disadvantages of Bitcoin mining in Paraguay following a proposal for a temporary mining ban.</li><li>Buzarquis advocates selling surplus electricity to BTC miners and projects significant revenue increases for the National Electricity Administration by 2025.</li></ul>The Paraguayan Senate has paused the movement towards imposing a ban on cryptocurrency mining. This reconsideration emerged after a proposal was put forth last week to curtail cryptocurrency mining activities within the nation. The lawmakers are now exploring the potential financial benefits of channeling surplus energy produced by the country&#39;s Itaipu hydropower plant towards cryptocurrency mining operations rather than continuing its sale at reduced rates to neighbouring countries Brazil and Argentina.Senator Lilian Samaniego <a href="https://www.youtube.com/watch?v&#61;4B9yIyHhHlo" rel="noopener noreferrer nofollow">announced</a> in a Senate session on April 10 that a public hearing scheduled for April 23 will delve into the pros and cons of allowing Bitcoin mining to flourish in Paraguay. This announcement follows a draft legislation on April 4 proposing a <a href="https://silpy.congreso.gov.py/web/expediente/130831" rel="noopener noreferrer nofollow">180-day provisional ban</a> on Bitcoin mining. The proposal cited concerns over illegal mining operations leeching off the national power grid and causing disturbances to the electricity supply across the country.<a href="https://cryptotale.org/paraguay-revisits-crypto-mining-ban-eyes-hydropower-for-economic-boost/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Paraguay Revisits Crypto Mining Ban: Eyes Hydropower for Economic Boost

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