Crackdown: Illegal Bitcoin Miners Face Police Action
ANDE has taken part in some 17 raids on illegal BTC and altcoin mining farms nationwide since the start of 2024.
This has also led to a flurry of activity in parliament. At least 14 lawmakers have backed a private memberâs bill that would effectively ban Bitcoin mining in the country.
The bill proposes a âtemporaryâ block on BTC mining âuntil the problem of illegal mining is resolved.â
However, this bill has not yet cleared the committee phase, and it is not certain that it will reach the house for a vote.
Should the government succeed with its own bill, this private memberâs bill will likely be shelved.
Carro that the governmentâs bill has the backing of the Public Ministry, ANDE, and the Paraguayan Judiciary.
She concluded that illegal BTC mining âhas resulted in millions of dollars worth of lossesâ for Paraguayan power providers.
