(Bloomberg) -- Paraguay’s incoming finance minister, Carlos Fernandez, wants to reduce the government’s dependence on dollar funding by making it easier for foreign investors to buy local currency ...

Investing.com -- Fitch Ratings has revised Paraguay’s outlook to positive from stable while affirming its Long-Term Foreign Currency Issuer Default Rating at ’BB+’.

Paraguay is no stranger to "drug busts and bank heists" but in recent years the South American country has become a "mecca" for a very different type of crime: illegal Bitcoin mining. Power worth ...

The Commons Foundation has signed a 100-megawatt, 10-year power purchasing agreement with Paraguay's grid operator, buying energy that it plans to use for crypto mining. The South American country's ...

Paraguay's so-called Bitcoin Bill, an attempt to regulate Bitcoin mining and crypto trading in the Latin American country, has been vetoed by President Mario Abdo Benitez. The Senate approved the bill ...

Carlitos Rejala has already proposed a Bitcoin bill in the nation and now may want to make it the country's official currency if elected. Rejala is the same politician from Paraguay that proposed a ...

Canadian crypto miner Pow.re secured a contract for 100 megawatts (MW) of power in Paraguay, one of a handful that have been granted by the country's national utility (ANDE), according to a press ...

The Paraguayan government has re-approved a cryptocurrency bill which will now regulate crypto mining and trading in the country. The bill was previously approved on December 21, 2021. However, the ...

Paraguay’s Secretary for Preventing Money and Property Laundering (SEPRELAD) has ordered all Virtual Asset Service Providers (VASPs) in the country to submit to a “mass audit” of the sector and, “to ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...