Cryptocurrency

Paraguay’s dangerous dalliance with cryptocurrency


Paraguay is no stranger to “drug busts and bank heists” but in recent years the South American country has become a “mecca” for a very different type of crime: illegal Bitcoin mining.

Power worth around $60m a year, “enough to light up a city”, is being stolen by unlicensed cryptocurrency miners, said The Economist, and there is heated debate over how to tackle the issue.

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