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    Home»Bitcoin»Did Paraguay Simply Legalize Bitcoin or Was the President Hacked?
    Did Paraguay Simply Legalize Bitcoin or Was the President Hacked?
    Bitcoin

    Did Paraguay Simply Legalize Bitcoin or Was the President Hacked?

    By Crypto EditorJune 9, 2025No Comments3 Mins Read
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    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.

    Did Paraguay Simply Legalize Bitcoin or Was the President Hacked?
    The Alleged Faux Publish from Paraguay’s President. Supply: X

    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.

    The Potential Faux Bitcoin Legalization Letter

    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.

    Disclaimer

    In adherence to the Belief Undertaking tips, BeInCrypto is dedicated to unbiased, clear reporting. This information article goals to supply correct, well timed data. Nevertheless, readers are suggested to confirm info independently and seek the advice of with an expert earlier than making any choices primarily based on this content material. Please word that our Phrases and Situations, Privateness Coverage, and Disclaimers have been up to date.



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