#GlobalMining

Paraguay Stretches Bitcoin Mining Support To Boost Economic Growth
Cryptocurrency

Paraguay Stretches Bitcoin Mining Support To Boost Economic Growth
By Andrej Kovacevic 10th Jun 2024
Paraguay Stretches Bitcoin Mining Support To Boost Economic Growth
Cryptocurrency
Cryptocurrency

Paraguay Stretches Bitcoin Mining Support To Boost Economic Growth

Paraguay has taken the initiative to sell surplus hydro-energy to Bitcoin miners, boosting economic growth while balancing the need for regulatory oversight to effectively manage the sector. Paraguay has made a significant step in leveraging its abundant hydro-energy resources to support Bitcoin mining, aligning this move with its broader economic development strategy. The country’s decision…

By Andrej Kovacevic 10th June 2024

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