This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Paraguay’s President Santiago Peña sparked confusion with a post claiming Bitcoin as legal tender, only for the government to quickly retract the statement. The official account urged users to disregard unconfirmed announcements, leaving the crypto community questioning the country’s stance.
- President Santiago Peña's personal X account announced Bitcoin as legal tender in Paraguay, but the government later denied the claim.
- The post included details of a $5 million BTC reserve and a wallet address for investor participation.
- The contradictory statements highlight the risks of unofficial crypto policy announcements and regulatory uncertainty.
📎 Related coverage from: cointelegraph.com
Related Tags: Bitcoin