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 ...
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.
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.
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.
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.
Crypto Times
Paraguay Congress Debates to Make Bitcoin as legal tender
April 24, 2024 - In the Chamber of Deputies, one ... and tax evasion associated with crypto transactions. 🚨 BREAKING 🚨 PARAGUAYAN DEPUTY PRESENTED A BILL TO LEGALISE & RECOGNISE #BITCOIN AS A LEGAL TENDER....
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.
Crypto Times
BREAKING: Paraguay Declares Bitcoin Legal Tender, BTC to $125K?
June 10, 2025 - In a major announcement, Santiago Peña, President of the Republic of Paraguay Economist, shared on Twitter that Bitcoin is now officially legal tender in Paraguay.
negg Blog
Bitcoin in Paraguay? Just a digital hoax! - negg Blog
June 27, 2025 - While there’s interest in Bitcoin mining, no cryptocurrency is legally recognized for payments. How did the president react? He issued a public statement warning users to ignore recent posts until confirmed. Could this attack have market effects? It may have caused brief speculative shifts, ...
Freeman Law
Paraguay Cryptocurrency Laws
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Bitcoin News
No One Fell for It: Paraguay's Bitcoin Legal Tender Announcement Was a Zero-Sum Hack – Crypto News Bitcoin News
June 10, 2025 - A recent social post by President Santiago Peña, announcing the enactment of bitcoin as Paraguay's legal tender, shook the crypto community.
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...
Forkast
Paraguay may adopt Bitcoin as lawmaker seeks to follow El Salvador
August 3, 2021 - Following El Salvador’s move to become the first country in the world to recognize Bitcoin as legal tender, a Paraguayan congressman has announced plans to do the same in the South American nation next month, according to a report by La Nación.
Decrypt
Why Paraguay Isn't Going to Make Bitcoin Legal Tender - Decrypt
June 29, 2021 - Congressman Carlos Rejala has big Bitcoin plans for Paraguay. But legal tender status isn't in the cards for the South American nation, and here's why.
CoinDesk
Paraguay President's X Account Hacked, Shares Bitcoin Scam
June 10, 2025 - The account posted that Paraguay was making bitcoin · BTC$115,130.61 legal tender, constituting a bitcoin reserve and issuing bitcoin bonds.
Tech Times
Paraguay Will Legislate Cryptocurrency in July – Crypto as A Legal Tender
June 19, 2021 - The country of Paraguay has confirmed that it would launch an enormous project featuring Bitcoin and PayPal. Its announcement took place moments after El Salvador's declaration that Bitcoin is now considered one of the country's legal tenders.
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 ...
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.