đš **Paraguay Govât Cracks Down on Illegal Bitcoin Miners â Up to 10 Years in Jail!** đš
đ The Paraguayan government is taking a firm stand against illegal Bitcoin (BTC) mining with a new bill proposing jail terms of up to **10 years** for offenders.
đŁïž **Presidential spokesperson Paula Carro** announced on May 17th that the bill has been sent to parliament as an urgent matter.
**Key Points:**
- **Severe Punishment:** Illegal miners face up to **10 years** in prison for energy theft.
- **Equipment Seizure:** Police can confiscate and auction off mining rigs, benefitting the state-owned National Electricity Administration (ANDE).
- **Protecting Resources:** The bill aims to safeguard Paraguayâs electricity resources from illegal mining operations, which have been overloading grids and posing threats to ANDE.
- **Crackdown Success:** Over **5,000 ASIC miners** seized this year alone as part of the police crackdown.
đĄ Paraguay's abundant hydroelectric energy has attracted Bitcoin miners, but illegal operations have surged, leading to this strict response from the government.
đ° Stay tuned for more updates as this story develops.
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đŹ What are your thoughts on this tough stance against illegal mining? Share below! đ