The Paraguayan government has proposed a new bill aimed at addressing the rampant theft of electricity by unauthorized bitcoin miners.

On May 17, presidential spokesperson Paula Carro announced the government’s plan, which includes severe penalties and measures to confiscate mining equipment. 

The illegal mining activities allegedly “threaten” the financial stability of the National Electricity Administration (ANDE). Carro said that the government has “urgently” sent the bill to parliament to protect its electrical infrastructure and ensure fair competition within the energy sector. 

The proposed bill aims to amend Article 173 of the Penal Code to include…

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