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Paraguay moves a step closer to regulating digital currency -Breaking

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A July 2017 cryptocurrency bill was approved by the Senate of Paraguay last Friday. For further discussion, the Deputy Chamber will receive these provisions.

The bill’s sponsor Senator Fernando Silva Facetti revealed that the legislation was passed by the Paraguayan Senate following a lengthy debate. Sen. Fernando Silva Facetti stated that the bill also seeks to promote crypto mining activity by using excess electricity produced in Paraguay.