Euronews
Is Paraguay set to become the second country to make Bitcoin legal tender after El Salvador? | Euronews
June 22, 2021 - "We are proud that since we announced that we are working on a bill that legalises the use of digital assets, better known as digital currency, or its most popular version, Bitcoin, as legal tender in Paraguay for any type of commercial transaction, various Paraguayan companies have already ...
Cointelegraph
Paraguay warns of ‘irregular activity’ after post claiming BTC is legal tender
June 9, 2025 - The post was made minutes after Peña’s personal account on X announced (in English) that Paraguay had made Bitcoin (BTC) legal tender, and established a BTC reserve worth $5 million, also providing a wallet address for investors to “secure [their] stake.”
Why was Paraguay targeted in this crypto scam?
Why was Paraguay targeted in this crypto scam?
Paraguay’s reputation as a Bitcoin mining hub, due to its low-cost hydroelectric power, made it a believable target for the scam. However, the country has not adopted Bitcoin as legal tender, and the false tweet exploited this crypto-friendly image to deceive investors.
ccn.com
When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender ...
How did the fake tweet affect Bitcoin’s price?
How did the fake tweet affect Bitcoin’s price?
The hacked tweet triggered a 4% spike in Bitcoin’s price, pushing it above $110,000 to a peak of $110,530 on June 10, 2025. After the Paraguayan government clarified the announcement was false, the price dropped to around $109,000, highlighting the market’s sensitivity to unverified news.
ccn.com
When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender ...
How can misinformation impact cryptocurrency markets?
How can misinformation impact cryptocurrency markets?
Misinformation, like the false tweet from President Santiago Peña’s hacked X account in June 2025, can cause rapid price swings in cryptocurrency markets. The fake announcement led to a 4% Bitcoin price surge past $110,000, showing how unverified news can drive investor excitement and market volatility before corrections occur.
ccn.com
When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender ...
Digital Watch Observatory
Paraguay denies Bitcoin legal tender announcement | Digital Watch Observatory
June 10, 2025 - Although countries like El Salvador have formally adopted Bitcoin as legal tender, Paraguay has made no such move.
Crypto Briefing
Did Paraguay just make Bitcoin legal tender? Suspected hack of president’s X account sparks confusion
June 9, 2025 - Paraguay's president's X account allegedly hacked, sparking confusion over a Bitcoin legal tender announcement amid investigations.
Reuters
Is Paraguay set to make bitcoin legal tender? Don't bet on it | Reuters
June 26, 2021 - In the wake of El Salvador's dramatic move to make bitcoin a legal tender, a world first, the internet has been buzzing with rumors that another Latin American country may be set to follow in its footsteps: Paraguay.
Freeman Law
Paraguay Cryptocurrency Laws
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CoinDesk
Paraguay President's X Account Hacked, Shares Bitcoin Scam
June 10, 2025 - The account posted that Paraguay was making bitcoin BTC$112,748.25 legal tender, constituting a bitcoin reserve and issuing bitcoin bonds.
FXStreet
Bitcoin spikes above $110K after account of Paraguay's president claims BTC legal tender
June 10, 2025 - Bitcoin (BTC) rose 4% on Monday following a post from Paraguayan President Santiago Peña's hacked X account stating that BTC has been approved as a legal tender in the country. The post was deleted after Presidencia Paraguay flagged the information as false.
CCN
When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender Tweet Explained
June 19, 2025 - ... Paraguay’s reputation as a Bitcoin mining hub, due to its low-cost hydroelectric power, made it a believable target for the scam. However, the country has not adopted Bitcoin as legal tender, and the false tweet exploited this crypto-friendly image to deceive investors.
Cryptogeek
Bitcoin Will Become a Legal Tender in Paraguay in July
June 23, 2021 - Paraguay is close to become a second country that will make Bitcoin a legal tender. Read this article to learn the details.
Binance
Paraguay Declares Bitcoin as Legal Tender
Discover the latest crypto news and trends on Binance Square (formerly Binance Feed). Read opinions posted by top influencers and news media in cryptocurrency.
Bitcoin Magazine
Paraguay’s Bitcoin Bill Passes The Senate
January 29, 2025 - A Paraguayan bill seeking to regulate ... now heads to Paraguay’s Chamber of Deputies, where it will be debated in 2022. The bill does not make bitcoin a legal tender in Paraguay....
The Block
Paraguay president's X account appears compromised with claim country makes Bitcoin legal tender | The Block
June 9, 2025 - It appears that the President of Paraguay's X account has been compromised to post a scam Bitcoin harvesting scheme, according to a suspicious message on Monday. Minutes after the post went live, Reuters reported that President Santiago Peña’s account "presented irregular activity." Peña’s initial message announced unexpectedly that the country had made "Bitcoin legal tender...
TronWeekly
Bitcoin Legal Tender In Paraguay? Government Denies Shocking Claim
June 9, 2025 - Paraguay’s government quickly debunked false Bitcoin legal tender claims spread via social media. No official Bitcoin adoption in Paraguay yet; the government urges the public to await verified information. Social media scams involving cryptocurrency highlight the need for caution and proper verification. Despite a popular post on social media, Bitcoin is ...
Crypto Times
BREAKING: Paraguay Declares Bitcoin Legal Tender, BTC to $125K?
June 10, 2025 - Paraguay declares Bitcoin legal tender, fueling $125K BTC hopes. But doubts grow as wallet shows $4 and reports suggest possible account hack.
CoinCentral
Crypto Chaos: Paraguay Denies Bitcoin Legal Tender Claim After Account Breach
June 9, 2025 - Paraguay remains loyal to the Guaraní as false Bitcoin legal tender claims surface. No law backs crypto payments, despite active BTC mining.
iTiger
Paraguay Announces Bitcoin as Legal Tender - Tiger Brokers
Paraguay Announces Bitcoin as Legal Tender. On Tiger Brokers' website to stay informed on market trends, price movements, and investment strategies, helping you make smarter decisions.
negg Blog
Bitcoin in Paraguay? Just a digital hoax! - negg Blog
June 27, 2025 - Paraguay found itself at the center of media attention after a cyberattack on the X (formerly Twitter) account of President Santiago Peña. A post, seemingly issued by the president, declared Bitcoin as legal tender in the country.
Reuters
Paraguay president's X account likely hacked in Bitcoin scheme | Reuters
June 9, 2025 - A post on Pena's account in English, ... had made Bitcoin legal tender and that it would roll out a $5 million Bitcoin-backed reserve fund. The government asked citizens to ignore posts from the account until official confirmation was made available. Paraguay's national cybersecurity ...
Blink
Is Paraguay the Next Bitcoin Country? This Organization Is Making It Happen
Bitcoin Paraguay is charting its own course in Bitcoin adoption, drawing inspiration from El Salvador while focusing on local community empowerment through workshops and events. With a rapidly expanding network of semi-independent groups, they aim to enhance Bitcoin education and merchant adoption, ...