Paraguayan President Points Warning About Bitcoin As Authorized Tender Publish

The workplace of Paraguayan President Santiago Peña appeared to disclaim a submit on the social media platform X that introduced the nation would start recognizing Bitcoin as authorized tender.

In a Monday submit on X, the official account of the workplace of Paraguay’s president requested followers to “dismiss any just lately printed content material” with out official affirmation from his workplace.

The submit was made minutes after Peña’s private account on X introduced (in English) that Paraguay had made Bitcoin (BTC) authorized tender, and established a BTC reserve price $5 million, additionally offering a pockets tackle for traders to “safe [their] stake.”

On the time of publication, each X posts had been nonetheless dwell on the platform, however the president’s workplace stated it was working with the social media platform to “make clear the scenario” and for the general public to solely take into account data issued by official channels. 

The X submit got here as some international locations in Central and South America had been reportedly contemplating following El Salvador’s instance by adopting Bitcoin as a reserve asset. Pushed by President Nayib Bukele, El Salvador started recognizing cryptocurrency as authorized tender in 2021, although its standing is considerably of a authorized grey space after a take care of the Worldwide Financial Fund introduced in December 2024.

It is a creating story, and additional data shall be added because it turns into obtainable.