We are in September 2021 and apparently Paraguayan politicians are already thinking about the presidential elections of 2023. Carlos Rejala confessed senator lover of Bitcoin has promised to legalize it as currency if he is elected president in that country in the 2023 elections.
If we play for the Presidency in 2023!#bitcoin as official currency and voila!
If we run for the presidency in 2023#bitcoin as official currency!
– Carlitos Rejala 🙏🇵🇾🙌 (@carlitosrejala) September 17, 2021
The senator has proven to be a politician in favor of the new technologies. Last July it was together with Senator Fernando Silva presented through a live broadcast on Facebook, a bill that sought to legalize the legalization of Bitcoin mining in that country.
The energy reality of Paraguay allows us to infer that it seeks foreign investment in the country to evidently boost the gross domestic product. Electricity production in that country is almost 90% Energy clean, which is an attraction for Bitcoin miners, solves the climate impact derived from the process of mined from cryptomoney and add new investments for the country.
In January 2020, the company Energía y Economía published a study on the cost of electric power in Latin AmericaIn short, it is a cost that directly affects the development of commercial and industrial activities. ANDIn this report it is clearly shown that the Republic of Paraguay has the cheapest energy in both cases compared to countries such as Ecuador, Argentina, Peru, Brazil, Bolivia, Mexico, Colombia, Costa Rica, Uruguay, The Savior and Guatemala.
Source: Energy & Economy
Source: Energy & Economy
As can be seen in both graphs, According to this report, Paraguay has the cheapest price of electricity in the region, amounting to 56 USD / MWh in the industrial sector and 63 USD / MWh for the commercial sector of the country, which places Paraguay under the line of the average tariff and as the most accessible of the countries surveyed.
The project of law presented by Senator Rejala creates the regulatory means to establish the miners to be established in that country, creating a regulation of the mining process for companies, establishing clear rules of the game allowing investors to have some rules of the game when settling in the country.
Carlos Rejala, who has shown to be in favor of actions that allow the adoption and use of new technologies in the Guaraní country, thus promoting a economy new in the country. The senator’s actual intentions are unknown, but through the red social Twitter shared at least one intention to start his presidential electoral career.
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