The Paraguayan government has urged lawmakers to pass a bill that would impose up to 10 years in prison on illegal Bitcoin miners in response to massive electricity theft threatening the state-owned National Electricity Administration (ANDE), CoinVoice has learned.
The bill allows Paraguayan police and prosecutors to confiscate and sell illegal mining equipment to protect the National Electricity Administration from the huge financial losses caused by energy theft. More than 5,000 ASIC mining machines have been confiscated this year in this crackdown, and legislative momentum may also lead to a temporary ban on Bitcoin mining in the country. [Original link]
