Paraguay’s lawmakers have proposed an alternative to a controversial Bitcoin mining blanket ban and are set to debate the topic later this month.
Paraguayan senators have halted progress on the proposed cryptocurrency mining ban introduced last week, with officials now considering the benefits of selling excess energy from its Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina.
A debate will be held in an April 23 public hearing to discuss the benefits and drawbacks of Bitcoin mining in the country, Senator Lilian Samaniego confirmed in an April 10 senate session.
It comes about a week after lawmakers introduced a draft law on April 4 to at least temporarily ban Bitcoin mining for 180 days, claiming illegal cryptocurrency mines have been stealing power and disrupting the country’s electricity supply.
