Paraguayan Authorities Shut Down Two Illegal Crypto Mining Sites in Alto Paraná

Binance News

Paraguayan Authorities Shut Down Two Illegal Crypto Mining Sites in Alto Paraná

Paraguayan authorities shut down two illegal crypto mining facilities in Alto Paraná Province within a week and seized 35 mining machines. According to Odaily, one site raided on September 17 was stealing electricity through a line without an installed meter, and 10 ASIC miners were confiscated; related fees and fines totaled about $30,000. Another operation on September 12 led to the seizure of 25 mining machines. Paraguay's lower house has also passed a resolution requiring the national power utility to submit a report on crypto mining electricity use, pricing, and regulation.