The company has brought a new decree proposal to the national economic team in Paraguay to collect payments from crypto mining companies in advance and in U.S. dollars, with an annual adjustment.
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay
The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations that were evading the payment of power bills, being illegally connected to the grid.
The National Power Administration is proposing a new way of charging cryptocurrency companies for the electricity used in mining operations in Paraguay. The company has brought a new decree proposal to the national economic team that would collect the payments for these services in advance in U.S. dollars, and with an annual adjustment. This proposal would also create a new billing group for these activities.
their interest in establishing operations in Paraguay after the Chinese mining ban, which forced many mining operators to leave the country and search for new lands for carrying out their activities.a bill in July that, if approved, will bring clarity to these operations in the country.
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