Paraguay’s legislature has approved a bill that creates a tax and regulatory framework for crypto mining in the South American country. The senate bill regulates businesses undertaking mining activities in the Bitcoin-friendly nation.
The board of the Bank of Central African States (Banque des États de l’Afrique) has urged the regional financial authority to create a uniform digital currency that will serve the region.
Bloomberg reported that the board sent an email on this matter to the Bank after a meeting in Doula, Cameroon.
Bitcoin (BTC) posted a local top of $24,600 on July 30 before closing three consecutive daily red candles. Peak to trough losses over this period came in at $1,800, or 7%.
Today, August 3, sees some reprieve, as buyers give rise to a 3% upside swing.