Technical Analysis:
BITCOIN is overall bullish and we might see see small retracement downside in BTC till 65000 or nearby. From down if we get opportunity we can go for buying, it will be dicounted are with confirmation.
Fundamentals:
The government of Paraguay will ask lawmakers to approve a bill that proposes jailing illegal Bitcoin (BTC) miners for up to 10 years.
The presidential spokesperson Paula Carro told reporters on Friday May 17 that the government has sent the bill to parliament “as a matter of urgency.” 10 Years in Jail: Illegal Bitcoin Miners Face Longer Prison Terms
Carro said that the bill seeks to “punish” illegal miners with “multiple years in prison.”
The draft law will also allow Paraguayan police and prosecutors to seize mining equipment from illegal operators.
Per , Carro also said the bill “seeks to protect the state-owned National Electricity Administration (ANDE).”
She added that the “theft of large amounts of energy by illegal Bitcoin mining operators” was posing a “threat” to ANDE.
The terms of the bill allow courts to impose “a maximum sentence” of a decade in jail “for the crime of energy theft.”
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