Paraguay’s lawmakers have proposed an alternative to a controversial Bitcoin mining blanket ban and are set to debate the topic later this month.
A debate will be held in an April 23 public hearing to discuss the benefits and drawbacks of Bitcoin mining in the country, Senator Lilian Samaniego However, days later, Paraguayan lawmakers approved a declaration to support local and foreign investment infrastructure four days later on April 8 — which Senator Salyn Buzarquiswill push the Paraguayan Ministry of Industry to study the economic advantages of selling excess energy to Bitcoin miners instead.
This equates to $73 million annually and about $17 million in value added tax for the treasury, noted Buzarquis, who went on to claim that Bitcoin mining operations could even save ANDE from filing for bankruptcy.
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