A tweet from Paraguay’s President Santiago Peña claimed the nation has adopted Bitcoin as authorized tender. The put up included a graphic styled as a presidential decree, stating that Paraguay had created a $5 million Bitcoin reserve.
It additionally means that the nation would supply crypto bond entry to “crypto-enabled residents.” Nevertheless, an in depth have a look at the put up suggests the President’s official X account could possibly be hacked.
One other President Hacked to Steal Crypto
The picture hooked up to the tweet seems styled like a presidential decree. Nevertheless, its design, tone, and formatting don’t match official authorities paperwork from Paraguay.
The language accommodates uncommon phrasing. Phrases like “etiquetado de tesorería” and “ciudadanos habilitados por criptomonedas” usually are not utilized in formal authorized contexts.
The seal on the doc appears digitally inserted. The border design is generic. The announcement makes use of conversational language as a substitute of formal authorized or coverage terminology.
Most notably, the tweet features a Bitcoin pockets deal with. This can be a frequent function in crypto rip-off posts and extremely unorthodox in authorities communication.
President Peña has not publicly supported Bitcoin as authorized tender earlier than. His administration has taken a cautious strategy to crypto regulation.
Paraguay permits Bitcoin mining because of its hydroelectric surplus. However the authorities has expressed concern about unlawful miners exploiting the nationwide energy grid.
Peña is a educated economist and former IMF advisor. His coverage focus has been on fiscal reform and digital infrastructure—not crypto adoption.
In 2021, Paraguay’s Congress debated a invoice to manage crypto mining. Nevertheless, that effort predated Peña’s presidency and didn’t contain authorized tender standing.
The present administration has not pursued any recognized efforts to combine Bitcoin into its nationwide foreign money system or treasury operations.
The proof strongly factors towards a hacked account or a pretend impersonation, designed to mislead and probably defraud crypto buyers.
Together with a Bitcoin pockets deal with is unprecedented in nationwide coverage and a basic tactic in crypto scams.
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