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Did Paraguay just make Bitcoin legal tender? Suspected hack of president’s X account sparks confusion
Paraguayan President Santiago Peña’s X account on Monday posted an announcement claiming Bitcoin had been made legal tender in Paraguay, raising suspicions of a potential hack. The post declared a $5 million Bitcoin reserve and a national bond program for crypto-enabled citizens, featuring what appeared to be an official decree with the Paraguayan coat of arms. The announcement stated that Bitcoin would be integrated into the national financial system alongside the Guaraní. Several irregularities prompted immediate skepticism, including the absence of the policy on official government websites and local media, ... (full story)
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