Paraguayan senators are now opting to pause the development of a proposed Bitcoin mining ban. They have shifted their focus towards the potential economic advantages of leveraging excess energy from the country’s Itaipu dam hydropower plant to fuel bitcoin mining operations rather than exporting it to neighboring Brazil and Argentina.

SourceInitial Mining Ban Proposal

The decision to reassess the proposed ban comes just a week after lawmakers introduced a draft bill on April 4, suggesting a 180-day prohibition on Bitcoin mining. The rationale behind the ban stemmed from allegations of illegal digital asset mines silently consuming power and disturbing the country’s electricity…

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