{"id":192294,"date":"2021-06-07T19:00:25","date_gmt":"2021-06-07T18:00:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=192294"},"modified":"2021-06-13T22:11:52","modified_gmt":"2021-06-13T21:11:52","slug":"paraguay-joins-the-crypto-train-says-bitcoin-to-the-moon","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/paraguay-joins-the-crypto-train-says-bitcoin-to-the-moon\/","title":{"rendered":"Paraguay joins the crypto train, says &#8216;Bitcoin to the moon&#8217;"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Paraguay is setting an important project in motion this week, hinting at Bitcoin (<\/span><a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\">) and its legal tender status, announced congressmen Carlitos Rejala in a tweet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only a day after the <\/span><a href=\"https:\/\/cryptoslate.com\/crypto-community-reacts-to-el-salvador-becoming-first-country-to-adopt-bitcoin-as-legal-tender\/\"><span style=\"font-weight: 400;\">announcement<\/span><\/a><span style=\"font-weight: 400;\"> made by the El Salvador President Nayib Bukele on Twitter, it seems Paraguay is going to be the next country racing to legalize Bitcoin.\u00a0<\/span><\/p>\n<h2><strong>Laser eyes<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The Chamber of Deputies representative Rejala updated his profile photo on Twitter and added laser eyes to the picture as he made an announcement implying that Bitcoin could be considered legal tender soon.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAs I said a long time ago, our country needs to go hand in hand with the new generation. The moment has come, our moment. We start this week with a valuable project that will renew Paraguay in front of the world,\u201d said Rejala on Twitter, adding \u201cto the moon #btc & #paypal\u201d to the end of his announcement.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">Como ya lo dec\u00eda hace un buen tiempo, nuestro pa\u00eds necesita avanzar de la mano de la nueva generaci\u00f3n.<br \/>Lleg\u00f3 el momento, nuestro momento.<br \/>Esta semana empezamos con un proyecto importante para innovar a Paraguay frente al mundo!<\/p>\n<p>El verdadero to the moon ?<a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&ref_src=twsrc%5Etfw\">#btc<\/a> & <a href=\"https:\/\/twitter.com\/hashtag\/paypal?src=hash&ref_src=twsrc%5Etfw\">#paypal<\/a> <a href=\"https:\/\/t.co\/ZMRJgAIxgO\">pic.twitter.com\/ZMRJgAIxgO<\/a><\/p>\n<p>&mdash; Carlitos Rejala ???? (@carlitosrejala) <a href=\"https:\/\/twitter.com\/carlitosrejala\/status\/1401712725886132224?ref_src=twsrc%5Etfw\">June 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin adoption took a dramatic spin as politicians in Latin America started declaring the region is ready to open up to crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The drums began rolling when the president of El Salvador, Nayib Bukele, disclosed plans to give Bitcoin the status of legal tender. Bukele revealed his plans at the Miami-based Bitcoin 2021 conference over the weekend, announcing the bill will be presented to regulators this week.<\/span><\/p>\n<h2><strong>To the moon<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The legal tender stage of crypto adoption is here as we witness countries put in motion plans for adding Bitcoin to their state treasury.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an attempt to protect their economy from inflation and the domino effect caused by the depleting value of the US Dollar, countries such as El Salvador and Paraguay have come to realize that Bitcoin might be a solution.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hyperinflation and devaluations cause safe-haven assets such as crypto to become increasingly sought after. Currently, the world is witnessing dramatically opposite positions among governments around the world, ranging from <\/span><a href=\"https:\/\/cryptoslate.com\/chinas-state-run-media-slams-bitcoin-trading-calls-for-stricter-supervision\/\"><span style=\"font-weight: 400;\">rigid<\/span><\/a><span style=\"font-weight: 400;\"> disapproval to welcoming adoption.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More countries are going to join the <\/span><i><span style=\"font-weight: 400;\">crypto train<\/span><\/i><span style=\"font-weight: 400;\"> as it departs but we can only guess who is going to be next. More predictable is where all the investors are going to gravitate towards.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paraguay is setting an important project in motion this week, hinting at Bitcoin (BTC) and its legal tender status, announced congressmen Carlitos Rejala in a tweet. Only a day after the announcement made by the El Salvador President Nayib Bukele on Twitter, it seems Paraguay is going to be the next country racing to legalize [&hellip;]<\/p>\n","protected":false},"author":699,"featured_media":192299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[76769],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paraguay joins the crypto train, says &#039;Bitcoin to the moon&#039;<\/title>\n<meta name=\"description\" content=\"Paraguay is setting an important project in motion, hinting at Bitcoin and its legal tender status, announced congressmen Carlitos Rejala.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/paraguay-joins-the-crypto-train-says-bitcoin-to-the-moon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paraguay joins the crypto train, says &#039;Bitcoin to the moon&#039;\" \/>\n<meta property=\"og:description\" content=\"Paraguay is setting an important project in motion, hinting at Bitcoin and its legal tender status, announced congressmen Carlitos Rejala.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/paraguay-joins-the-crypto-train-says-bitcoin-to-the-moon\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-07T18:00:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-13T21:11:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/06\/paraguay-bitcoin-train.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ana Grabundzija\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ana Grabundzija\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/paraguay-joins-the-crypto-train-says-bitcoin-to-the-moon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/paraguay-joins-the-crypto-train-says-bitcoin-to-the-moon\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#person\",\"name\":\"Ana Grabundzija\",\"url\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"caption\":\"Ana Grabundzija\"},\"jobTitle\":\"Journalist\",\"description\":\"Dr. Ana Grabundzija is a Zagreb-bred writer with an academic background in anthropology. 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