Paraguayan Crypto Miners Call for Electricity Price Adjustment: Could Trigger $1.5 Billion Economic Loss
Publication Time:2024-07-22 21:43:08
On July 19, the National Electricity Administration (ANDE), the operator of Paraguay's national power grid, announced that they would continue with their plan to increase electricity rates for crypto miners. However, representatives of the country's cryptocurrency industry have warned that if this decision remains unchanged, it could have a significant impact on the national economy, with potential losses estimated at up to $1.5 billion. The crypto mining companies urgently request regulators to reassess this policy to mitigate potential economic impacts.
Paraguay
Economic Loss
Crypto Miners
Electricity Price Adjustment
National Electricity Administration