<ul>
 <li aria-level="1">Paraguay reveals economic strategy focusing on Bitcoin mining to utilize energy surplus, aims to attract more industries.</li>
 <li aria-level="1">Itaú Unibanco, Brazil’s largest bank, expands cryptocurrency trading services to all customers, enhancing digital asset access.</li>
</ul>
Paraguay has unveiled a plan focused on leveraging Bitcoin mining to propel its industrial transition. Meanwhile, Brazil’s largest bank, Itaú Unibanco, has broadened access to cryptocurrency trading services for all its customers, marking a significant integration of digital assets into traditional banking systems.
<h2 id="b-paraguay-s-bitcoin-mining-strategy-b">Paraguay’s Bitcoin Mining Strategy</h2>
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-714420" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay.webp" alt="legislative-challenges-facing-bitcoin-mining-industry-in-paraguay" width="1792" height="1024" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay.webp 1792w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay-300x171.webp 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay-1200x686.webp 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay-768x439.webp 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay-1536x878.webp 1536w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay-150x86.webp 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/legislative-challenges-facing-bitcoin-mining-industry-in-paraguay-450x257.webp 450w" sizes="(max-width: 1792px) 100vw, 1792px">
The <a href="https://www.crypto-news-flash.com/regulation-of-bitcoin-mining-in-paraguay-transparency-and-electrical-security/" rel="noopener noreferrer nofollow">Paraguayan government</a>, under President Santiago Peña, has opted to continue supplying energy to legal Bitcoin mining operations, tapping into the country’s substantial energy surplus. During a recent meeting with Brazilian commerce representatives, Industry and Commerce Minister Javier Gimenez highlighted that while the country’s abundant energy could power up to 10,000 industries, only a handful currently benefit.&nbsp;
Gimenez stated:
<blockquote>
 We are rushing to attract industries, but it would be good if we give energy to cryptocurrency miners, where there is demand, to use in the meantime.
</blockquote>
By channeling surplus energy to Bitcoin miners, as El Salavador has done with Bukele, which you can <a href="https://www.crypto-news-flash.com/de/legislative-herausforderungen-fuer-die-bitcoin-mining-industrie-in-paraguay/" rel="noopener noreferrer nofollow">read below on CNF</a>. Paraguay aims to utilize this resource efficiently until more labor-intensive industries can be established. Minister Gimenez outlined a future where Bitcoin mining activities would eventually give way to more traditional industries, aiming to generate greater employment opportunities within the country.
<h2 id="b-ita-unibanco-s-cryptocurrency-trading-services-b">Itaú Unibanco’s Cryptocurrency Trading Services</h2>
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-702808" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/05/Ripple-brazil-.jpg" alt="Ripple brazil" width="1200" height="750" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/05/Ripple-brazil-.jpg 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/Ripple-brazil--300x188.jpg 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/Ripple-brazil--768x480.jpg 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/Ripple-brazil--150x94.jpg 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/05/Ripple-brazil--450x281.jpg 450w" sizes="(max-width: 1200px) 100vw, 1200px">
In Brazil, Itaú Unibanco has rolled out cryptocurrency trading services to all its clients, <a href="https://www.crypto-news-flash.com/brazils-biggest-bank-with-brl-2-069-trillion-assets-under-management-opens-bitcoin-btc-trading-for-everyone/" rel="noopener noreferrer nofollow">which we have detailed in CNF</a>, democratizing access to digital currencies. The bank, which serves over 60 million customers, initially launched this service in December for a select group of users under its Ion investment platform.&nbsp;
Following positive client reception and successful preliminary phases, the bank expanded this offering to include a wider customer base. Guto Antunes, head of Itaú Digital Assets, noted the high acceptance rate among users, underscoring the trust in Itaú’s cryptocurrency custody solutions.
<h3 id="b-worldcoin-s-expansion-into-argentina-b">Worldcoin’s Expansion into Argentina</h3>
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-623295" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/01/nexo-1-1.png" alt="Worldcoin" width="1200" height="675" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/01/nexo-1-1.png 1200w, https://www.crypto-news-flash.com/wp-content/uploads/2024/01/nexo-1-1-300x169.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/01/nexo-1-1-768x432.png 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/01/nexo-1-1-150x84.png 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/01/nexo-1-1-450x253.png 450w" sizes="(max-width: 1200px) 100vw, 1200px">
Adding to the region’s cryptocurrency developments, Worldcoin announced plans to establish a regional hub in Argentina. The initiative includes setting up 50 new locations across more than 10 Argentine cities, equipped with Orbs devices essential for participant iris scanning.&nbsp;
Worldcoin’s expansion aims not only to widen its operational footprint but also to enhance local understanding of its project and underlying technology through two specialized educational sites.

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