Paraguayan Senate Rejects Presidential Veto to Cryptocurrency Bill

Bitcoin.com | Sep 30, 2022 at 10:30 PM
  • The Paraguayan Senate has decided to reject the total veto that President Mario Abdo exerted over a proposed cryptocurrency bill on September 2.
  • The Senate defended the initiative, stating that passing the bill would benefit the country due to its effect on tracking the energy consumption of crypto miners and the income that mining taxes would bring to the state.
  • Senator Enrique Salyn Buzarquis vowed in support of the sanction of the bill, stating that the state should formalize collecting taxes on the cryptocurrency mining activities that are taking place in Paraguay.