Politics
Paraguayan politician who plans to run for president in 2023 promises to accept Bitcoin as official currency if elected
Carlitos Reiala, a member of the Paraguayan Chamber of Deputies, announced that he could run for president in 2023 and, if elected, would make Bitcoin (BTC) the country’s official currency. The statement was made in your profile on Twitter and has generated a mixed reaction among his followers.
While the majority supported his desire to run for the top executive office in Paraguay, many made it clear that making Bitcoin legal tender should not be among Relaja’s priorities if he is indeed elected.
If we play presidency in 2023!#bitcoin as the official currency and voila!
If we run for president in 2023#bitcoin as the official currency!
– Carlitos Reiala 🙏🇵🇾🙌 (@carlitosrejala) September 17, 2021
If we run for president in 2023 # bitcoin as official currency!
One self-identified alias Arponrock he was in favor of the candidacy, but defended the preservation of the Guarani as the national currency:
Carlitos, I support your candidacy, young man, you are not infected with all the filth of our politics, but the issuance of bitcoins cannot be seen as a monetary option, we have the most stable and strongest currency on the continent, which has suffered a lot from doing to become the avant-garde currency of Latin America.
There were also criticisms hinting at cryptocurrency volatility and the risk that a devaluation of BTC could send Paraguay’s economy into depression.
Reyala is the same Paraguayan politician who introduced a bill to the Paraguayan Congress in July to legalize and regulate the ownership and sale of bitcoins in the country.
The crypto community hoped the law would be similar to the Bitcoin Law passed in El Salvador, proposing that Bitcoin be accepted as legal tender in Paraguay. However, the project states exactly the opposite:
“Digital assets are not legal tender used by the state of Paraguay, so they are not supported by the Central Bank of Paraguay.”
The law set rules for investors and for the mining industry, which is strong in the country as 100% of the country’s energy is generated by hydroelectric power plants. The law further frustrated cryptocurrency supporters and local mining pools by imposing taxes on digital asset marketing and hardware imports, as well as setting an annual license requirement for miners based in the country.
After the bitcoin law went into effect in El Salvador on September 7, there are high expectations as to which country will next accept BTC as its official currency.
As Cointelegraph recently reported, in addition to Paraguay, Cuba and Ukraine have made strides in this regard without making Bitcoin legal tender.
The central bank of the Latin American country announced on Wednesday the legalization of cryptocurrencies as an investment vehicle, and also allowed residents of the island to carry out commercial transactions using cryptoassets from that point on.
Two days after Bitcoin became official in El Salvador, Ukraine adopted a law which legalizes cryptocurrencies, increasing the protection of the country’s investors. However, the use of digital assets as a means of payment is still prohibited.
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Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!
Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.
Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.
The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
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The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.
Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.
No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.
Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.
Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.
The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.
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The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .
The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.
Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.
The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.
Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.
“This is a victory for Italian and European citizens who demand energy security,” he added.
Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.
However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).
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