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Paraguay moves a step closer to regulating digital currency -Breaking

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The Senate of Paraguay passed a July cryptocurrency bill on December 17, 2021. For further discussion, the Deputy Chamber will receive these provisions.

After a heated debate, Senator Fernando Silva Facetti (the bill’s author) revealed that the bill was approved by the Paraguayan Senate. Sen. Fernando Silva Facetti stated that the bill also seeks to promote crypto mining activity by using excess electricity produced in Paraguay.