Paraguay Hits New Milestone in Illegal Bitcoin Mining Crackdown
Paraguay has hit a new milestone in its illegal crypto mining crackdown, equalling the tally of Bitcoin (BTC) mining rigs seized in Venezuela.
Per Criptonoticias, the Paraguayan authorities have now seized over 10,000 ASIC miners this year from illegal operators.
The National Electricity Administration (ANDE) has thus far instigated more than 70 raids on suspected Bitcoin mining farms in Paraguay.
This means that Paraguay is now keeping pace with a crackdown in the fellow Latin American nation of Venezuela.
Caracas has cracked down on mining in the wake of a wide-ranging clampdown on government corruption.
Paraguay, however, says that its crackdown is aimed at stabilizing grids, many of which are in danger of overloading.
The media outlet explained that the latest raid has seen the Prosecutor’s Office in Ciudad del Este order the seizure of 450 ASIC rigs.
The rigs were not connected to a local power grid. Instead, they appear to have been in storage, in a warehouse in the Hernandarias district of Alto Paraná.
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