Paraguay warns of ‘irregular activity’ after post claiming BTC is legal tender

5 days ago

An X station by Paraguay’s President Santiago Peña claimed the state had recognized Bitcoin arsenic ineligible tender, but the authoritative authorities relationship soon urged users to “dismiss immoderate precocious published content.”

Paraguay warns of ‘irregular activity’ aft  station  claiming BTC is ineligible  tender

The bureau of Paraguayan President Santiago Peña appeared to contradict a station connected the societal media level X that announced the state would statesman recognizing Bitcoin arsenic ineligible tender.

In a Monday station connected X, the authoritative relationship of the bureau of Paraguay’s president asked followers to “dismiss immoderate precocious published content” without authoritative confirmation from his office.

The station was made minutes aft Peña’s idiosyncratic relationship connected X announced (in English) that Paraguay had made Bitcoin (BTC) ineligible tender, and established a BTC reserve worthy $5 million, besides providing a wallet code for investors to “secure [their] stake.”

Latin America, Social Media, Scams, Bitcoin AdoptionMonday X station from Paraguayan President claiming Bitcoin was ineligible tender successful the country. Source: Santiago Peña

At the clip of publication, some X posts were inactive unrecorded connected the platform, but the president’s bureau said it was moving with the societal media level to “clarify the situation” and for the nationalist to lone see accusation issued done authoritative channels. 

The X station came arsenic immoderate countries successful Central and South America were reportedly considering pursuing El Salvador’s illustration by adopting Bitcoin arsenic a reserve asset. Pushed by President Nayib Bukele, El Salvador began recognizing cryptocurrency arsenic ineligible tender successful 2021, though its presumption is somewhat of a ineligible grey country aft a deal with the International Monetary Fund announced successful December 2024.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.

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