Latam Insights: Paraguay Targets Bitcoin Miners, Brazil Mulls Crypto Taxation Changes

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency mining, Brazil to change crypto taxation framework, and a poll finds that Latam believes CBDCs might help combat corruption in the region. Paraguayan Lawmakers Introduce […] Source link

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Sazmining Establishes Sustainable Bitcoin Mining Facility In Paraguay

Sazmining, a hosted Bitcoin mining provider committed to 100% renewable energy, has set its sights on South America with the establishment of a new facility in Paraguay. Slated to commence operations on September 15th, the facility takes advantage of Paraguay’s low electricity prices, offering hosting at an competitive rate of 4.7 cents per kWh – a far cry from the average cost of 16.1 cents per kWh in the United States. “By harnessing surplus electricity, Bitcoin mining has ingeniously transformed Paraguay’s previous losses into a profitable venture for the entire…

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