The ban would last 180 days or until new laws are enacted and the national power grid operator can ensure it can supply sufficient energy.
Paraguay lawmakers have proposed a bill to temporarily ban crypto mining and related activities in the South American nation, saying illegal crypto mines are stealing power and interrupting the electricity supply.
The draft law introduced on April 4 would ban (translated) “the installation of crypto mining farms” along with ”the creation, conservation, storage and commercialization” of cryptocurrencies.
Its broad scope seemingly aims to regulate crypto staking — “the creation of new crypto assets” — and wallets — “the conservation and storage activities of crypto assets.”
