🚨 **Paraguay Gov’t Cracks Down on Illegal Bitcoin Miners – Up to 10 Years in Jail!** 🚨

🔒 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.

🗣️ **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 Paraguay’s 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.

💡 Paraguay's abundant hydroelectric energy has attracted Bitcoin miners, but illegal operations have surged, leading to this strict response from the government.

📰 Stay tuned for more updates as this story develops.

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💬 What are your thoughts on this tough stance against illegal mining? Share below! 👇