Euronews
euronews.com › home › next › money › is paraguay set to become the second country to make bitcoin legal tender after el salvador?
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
ccn.com › home › education › crypto › security › when bitcoin hit $110k on a lie: paraguay’s fake legal tender tweet explained
When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender Tweet Explained
June 19, 2025 - A hacked tweet from Paraguay’s President falsely declared Bitcoin as legal tender, sparking a 4% price surge to $110K. Here’s how the phishing scam fooled the crypto market
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
ccn.com › home › education › crypto › security › when bitcoin hit $110k on a lie: paraguay’s fake legal tender tweet explained
When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender ...
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
ccn.com › home › education › crypto › security › when bitcoin hit $110k on a lie: paraguay’s fake legal tender tweet explained
When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender ...
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
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When Bitcoin Hit $110K on a Lie: Paraguay’s Fake Legal Tender ...
Cointelegraph
cointelegraph.com › news › paraguay-president-santiago-pena-bitcoin-legal-tender
Paraguayan President Issues Warning About Bitcoin As Legal Tender Post
June 9, 2025 - An X post by Paraguay’s President Santiago Peña claimed the country had recognized Bitcoin as legal tender, but the official government account soon urged users to “dismiss any recently published content.”
Coinfomania
coinfomania.com › home › regulations
Cryptocurrency Regulation in Paraguay
June 19, 2025 - Even though such virtual currencies as Bitcoin are not a legal tender, they do not prohibit them. There are no particular laws governing the use of cryptocurrencies in Paraguay but the government is interested in monitoring the developing scenario. Consequently, the activities associated with ...
Crypto Briefing
cryptobriefing.com › home › regulation › did paraguay just make bitcoin legal tender? suspected hack of president’s x account sparks confusion
Did Paraguay just make Bitcoin legal tender? Suspected hack of president’s X account sparks confusion
June 9, 2025 - Paraguayan President Santiago Peña’s X account on Monday posted an announcement claiming that Bitcoin had become legal tender in the country.
Digital Watch Observatory
dig.watch › home › updates › paraguay denies bitcoin legal tender announcement
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.
Freeman Law
freemanlaw.com › home › cryptocurrency › paraguay and cryptocurrency
Paraguay & Cryptocurrency | Blockchain & Cryptocurrency Laws & Regulations
December 22, 2023 - Paraguay Cryptocurrency Laws Regulation of Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology · Virtual currencies are not controlled, supervised, or regulated in Paraguay. The only legal tender issued by the Banco Central del Paraguay (BCP) is Guarani and virtual currencies, ...
Cryptonomist
en.cryptonomist.ch › home › bitcoin › paraguay and bitcoin: the truth behind the announcement on recognition as legal...
Bitcoin: in Paraguay è moneta legale!
June 10, 2025 - On Monday, the presidente del Paraguay posted on the X platform claiming that the country had recognized Bitcoin as legal tender and that a 5 million dollar Bitcoin treasury had been established.
Reuters
reuters.com › technology › is-paraguay-set-make-bitcoin-legal-dont-bet-it-2021-06-25
Is Paraguay set to make bitcoin legal tender? Don't bet on it | Reuters
June 26, 2021 - Paraguayan lawmaker Carlos Rejala, who had inadvertently sparked the excitement with a tweet, opens new tab earlier in June, told Reuters on Friday he was pushing a bill to regulate cryptocurrencies, not make them legal tender. "It is a bill of digital assets and it differs from that of El ...
CoinCentral
coincentral.com › home › coincentral blog › crypto chaos: paraguay denies bitcoin legal tender claim after account breach
Crypto Chaos: Paraguay Denies Bitcoin Legal Tender Claim After Account Breach
June 9, 2025 - Bitcoin Isn’t Legal Tender in Paraguay—Mining Thrives, Law Doesn’t.
FXStreet
fxstreet.com › cryptocurrencies › news › bitcoin-spikes-above-110k-after-account-of-paraguays-president-claims-btc-legal-tender-202506100053
Bitcoin spikes above $110K after account of Paraguay's president claims BTC legal tender | FXStreet
October 6, 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
cryptotimes.io › home › bitcoin news › breaking: paraguay declares bitcoin legal tender, btc to $125k?
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.
Bitget
bitget.com › news › paraguay announces bitcoin as legal tender
Paraguay Announces Bitcoin as Legal Tender | Bitget News
June 9, 2025 - According to a report by Jinse Finance, Bloomberg News states that the President of Paraguay has declared Bitcoin as legal tender in the country. | Bitget crypto news!
TronWeekly
tronweekly.com › home › news › bitcoin legal tender in paraguay? government denies shocking claim
Bitcoin Legal Tender In Paraguay? Government Denies Shocking Claim
June 9, 2025 - 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 not legal money in Paraguay.
CoinMarketCap
coinmarketcap.com › academy › article › will-paraguay-adopt-bitcoin-as-legal-tender
Will Paraguay Adopt Bitcoin as Legal Tender? | CoinMarketCap
February 3, 2022 - Senator Fernando Silva Facetti, a bill co-author, said on Twitter that the law will be debated in the Chamber of Deputies of Paraguay in 2022. The bill in Paraguay does not make bitcoin legal tender.
Decrypt
decrypt.co › 74836 › paraguay-bitcoin-legal-tender-why
Why Paraguay Isn't Going to Make Bitcoin Legal Tender - Decrypt
June 29, 2021 - Congressman Carlos Rejala is determined to make Paraguay the next "Bitcoin nation." But Bitcoin won't be legal tender, and here's why.
Bitcoin Magazine
bitcoinmagazine.com › home › markets › paraguay’s bitcoin bill passes the senate
Paraguay’s Bitcoin Bill Passes The Senate
January 29, 2025 - The bill, which does not make bitcoin legal tender in Paraguay, will be discussed by the country’s Chamber of Deputies in 2022.
Bitcoin News
news.bitcoin.com › home › paraguayan lawmakers present a very different ‘bitcoin bill’ than expected
Paraguayan Lawmakers Present a Very Different 'Bitcoin Bill' Than Expected – Bitcoin News
July 19, 2021 - There is no mention of declaring bitcoin or any other cryptocurrencies as legal tender anywhere in the proposal.
The Block
theblock.co › post › 357482 › paraguay-presidents-x-account-appears-compromised-with-claim-country-makes-bitcoin-legal-tender
Paraguay president's X account appears compromised with claim country makes Bitcoin legal tender | The Block
June 9, 2025 - Paraguay politicians have been drafting legislation to supervise and support a nascent crypto industry, including by strengthening a relationship with El Salvador, the first country to adopt Bitcoin as legal tender.
TradingView
tradingview.com › news › cointelegraph › paraguay warns of ‘irregular activity’ after post claiming btc is legal tender
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 BTCUSD legal tender, and established a BTC reserve worth $5 million, also providing a wallet address for investors to “secure [their] stake.”