Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Paraguay raises electricity prices for cryptocurrency mining by 14%, drawing criticism from industry insiders and lawmakers

Paraguay raises electricity prices for cryptocurrency mining by 14%, drawing criticism from industry insiders and lawmakers

Odaily2024/07/03 07:04
By:Odaily
Odaily News The Paraguayan National Electricity Administration (ANDE) has increased electricity rates for cryptocurrency mining operators by 14%, affecting the profitability of such companies. The lack of clarity in the sector has already led to the withdrawal of a company that planned to invest more than $400 million in Paraguay. The move immediately sparked a backlash from industry insiders and Bitcoin supporters, with politicians and elected senators also criticizing the move. Senator Salyn Buzarquis severely criticized the measure, arguing that it reflects identity issues and contradictions within the Paraguayan government and could affect future investments in the sector. Buzarquis stressed that the move is not fair given the huge amounts of money these companies have already invested in Paraguay. (Bitcoin.com)
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!