Paraguay’s Senate Passes Bill Allowing Bitcoin Mining

Just as Bitcoin’s hash rate recovers to new all-time highs, the network may be in for another massive security boost. Paraguay’s Senate has passed a bill permitting Bitcoin mining within the country. This may allow the nation to put its massive energy surplus to work, both securing the network and earning Bitcoin. Mining in Paraguay Senator Fernando Silva – co-author of the bill “That Regulates Industry and Commercialization of Cryptocurrencies” – announced its passing on Thursday. The legislation should recognize…