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Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry

The bill would have capped how much the grid operator can charge bitcoin miners for electricity.

By Eliza Gkritsi, Adrian Blust
Updated Dec 6, 2022, 4:19 p.m. Published Dec 6, 2022, 1:41 p.m.
Paraguay's legislature didn't pass a bill to regulate the crypto industry in a big blow to the country's bitcoin mining industry. (Eliza Gkritsi/CoinDesk)
Paraguay's legislature didn't pass a bill to regulate the crypto industry in a big blow to the country's bitcoin mining industry. (Eliza Gkritsi/CoinDesk)