will Paraguay be the next to make Bitcoin ‘official currency’

[Baskeyairdrop]

Indications from different angles has been established toward having the second breaking of record in the adoption of Bitcoin as a legal tender by some countries in the likes of Paraguay ever since the first adoption by El-Savador, more effontery has been geard towards the move by responsible citizens while some even promise to legalize it if elected in their political post ambitions.

In Paraguay, all expectation is high toward the next step of government action in adopting Bitcoin as it's major currency, the question now is could Paraguay be the second to adopt Bitcoin as a legal tender? .... If yes, are there more visible indications to buttress the notion.

Paraguayan congressman had stated that he would be introducing legislation to legalize Bitcoin in his nation.

"official currecy" - correct form is legal tender.

From the quote you put in OP we are talking about legalizing Bitcoin which is far different from making it legal tender but yes, It looks Paraguay is pro bitcoin and may be the next El Salvador. The thing is that El Salvador did not have its own currency before. They were using American Dollar and now Bitcoin and  American Dollar. Paraguay have Paraguayan guaraní. So I'm interrested how they will play it out.

Edit:
Crypto community also agrees that Paraguay will be the next country to set BTC as legal tender.
https://coinmarketcap.com/legal-tender-countries/
A good step forward since Paraguay economy is 50% bigger than El Salvador

The world is changing rapidly and seeing that Paraguay is wanting to accept bitcoin as a legal tender means a lot. More countries would follow suit if they see that it turns out to improve their economy.

[1715119090]

1715119090

[flyer88]

what has been done by the country of El Salvador by adopting bitcoin as a legal transaction tool in their country is a revival for bitcoin, this time it's the turn of the country of Paraguay who wants to follow in the footsteps of the country of El Salvador to adopt bitcoin nationally in countries located on the Latin American continent If this is really realized.it is not impossible that bitcoin will return to the way it was before, because at this time bitcoin really needs recognition from sovereign countries for the process of bitcoin's survival in the future

[Naficopa]

Indications from different angles has been established toward having the second breaking of record in the adoption of Bitcoin as a legal tender by some countries in the likes of Paraguay ever since the first adoption by El-Savador, more effontery has been geard towards the move by responsible citizens while some even promise to legalize it if elected in their political post ambitions.

In Paraguay, all expectation is high toward the next step of government action in adopting Bitcoin as it's major currency, the question now is could Paraguay be the second to adopt Bitcoin as a legal tender? .... If yes, are there more visible indications to buttress the notion.

Paraguayan congressman had stated that he would be introducing legislation to legalize Bitcoin in his nation.

At the moment, several countries are already taking part in the race to see which of them will be the next in which cryptocurrencies will be legalized. It looks like there are already three of them.
You named Paraguay,
Ukraine: https://www.cnbc.com/2021/09/08/ukraine-legalizes-bitcoin-and-cryptocurrencies.html
Laos: https://bitcoinmagazine.com/culture/asian-nation-laos-to-legalize-bitcoin-mining-and-trading
This is really very important information for the entire crypto world. I think we can expect another bull run soon.

[Viscore]

what has been done by the country of El Salvador by adopting bitcoin as a legal transaction tool in their country is a revival for bitcoin, this time it's the turn of the country of Paraguay who wants to follow in the footsteps of the country of El Salvador to adopt bitcoin nationally in countries located on the Latin American continent If this is really realized.it is not impossible that bitcoin will return to the way it was before, because at this time bitcoin really needs recognition from sovereign countries for the process of bitcoin's survival in the future

Bitcoin is making huge developments this time making it as a legal tender in El Salvador. And here's Paraguay which will be the second nation to prose bill making bitcoin as a legal tender. Carlitos Rejala, a big supporter of bitcoin, said that the bill will help position the country to trail the path of growth for the next generation. And since Paraguay has a lot of cheap renewable energy so there is no doubt that it can really become a crypto hub.

With the positive treatments that bitcoin has been receiving now, it will create more possibilities that more countries are going to take advantage of it as a currency, more than just as an investment.

[btc_angela]

Most likely it will be the next to make Bitcoin legal tender. Countries in South and Latin American are leading the charge, so maybe after the Paraguay Congress approved it, then obviously it will be take effect and maybe they will also airdrop some $30 worth of bitcoin just like what El Salvador did to their citizens, to get "used" to it. Of course there will be problems initially like what El Salvador experience, but hopefully Paraguay would have anticipated and prevent such issues to arise. So maybe in the next 2 short years, mostly countries in that region are making Bitcoin as legal tender already.

[terrorJR]

what has been done by the country of El Salvador by adopting bitcoin as a legal transaction tool in their country is a revival for bitcoin, this time it's the turn of the country of Paraguay who wants to follow in the footsteps of the country of El Salvador to adopt bitcoin nationally in countries located on the Latin American continent If this is really realized.it is not impossible that bitcoin will return to the way it was before, because at this time bitcoin really needs recognition from sovereign countries for the process of bitcoin's survival in the future

Bitcoin is making huge developments this time making it as a legal tender in El Salvador. And here's Paraguay which will be the second nation to prose bill making bitcoin as a legal tender. Carlitos Rejala, a big supporter of bitcoin, said that the bill will help position the country to trail the path of growth for the next generation. And since Paraguay has a lot of cheap renewable energy so there is no doubt that it can really become a crypto hub.

With the positive treatments that bitcoin has been receiving now, it will create more possibilities that more countries are going to take advantage of it as a currency, more than just as an investment.

this will certainly be very good for the development of bitcoin but of course this kind of thing must have pros and cons that will occur in the adoption of bitcoin for both the government and the opposition which will greatly impact the people later.
because this is a very large one and needs to be carefully planned because it is indirectly related to state assets.
but it would be great if this could happen because more and more people will accept bitcoin and adopt it and what the Paraguayan government is doing is one of the right things and what they have to do is take the heart and trust of those who are against it. with this decision

[velosepur]

On Jun 7, Rejala outlined his vision for Bitcoin use in Paraguay, saying he was working with “the Paraguayan crypto community in order for Paraguay to become a hub for the crypto investors of the world and subsequently to be placed among the ones on the cutting edge of digital technology”. In next months we will have clearer situation probably.

[firesurfer]

If that is true, we will have a third country that accepts Bitcoin as official payment. This is great, hope they have a better way than El Salvador to pass and educate people to use. As far as I can see, their passing of the Bitcoin legal tender law happened quickly and left consequences such as the smashing of Bitcoin ATMs and a small wave of protests among the people.

But you have to understand those protesters and who set fire some bitcoin ATM? what are their intentions? who are the people behind? are this protestors part of a group of people being finance by some entities to disrupt El Salvador's road to BTC?

If Paraguay official become the next country after El Salvador, for sure they have learn some lessons already, like local wallets going down and crashing, Paraguay could mitigate it. So this is welcoming news and hopefully it will happen within the year.

If only you would answer the questions you have asked yourself so that I and everyone here can understand the problem.
I mentioned Bitcoin education before the official launch of Bitcoin recognition in this country.
There are spoilers everywhere in the world, and they have their own reasons. We can never anticipate every problem. But experience is a valuable thing that Paraguay they asked from El Salvador about the Bitcoin path they took.

[Dhoe]

el salvador has opened the eyes of other countries to be able to see more clearly the advantages of adopting bitcoin, and legalizing bitcoin, it may not be easy for countries to legalize bitcoin, let alone make bitcoin a currency, but if el salvador is able to make their economy thrive by legalizing bitcoin, I am very sure not Paraguay, other countries will follow El Salvador's steps.

[mrongoz_imut]

Paraguay is said to want to become a crypto center in the Latin American region. They also want to be a model for other countries in terms of legalizing crypto money as a means of payment.Rejala revealed his plan after Bitcoin was used as a transaction tool in his country. He said that he would work to encourage other countries to make Bitcoin a legal transaction tool. If Paraguay succeeds in doing that, I think it will be great for bitcoin, and all other cryptocurrencies..

[Artemis3]

Well i hope they do, if they want to bring even more investors beyond mining, which is a good idea for the long term as mining won't be profitable forever.

They have their own fiat coin, they can have both as legal tender during the transition, until people stops bothering with fiat on their own.

If they do it, they will seize an opportunity that isn't coming back again. So they could have in South America a big advantage, simply by adopting first. But time is of the essence, all we wonder now is which country will be the second, then the third, fourth...

The first ones get more wealth early. The world market isn't going to wait for the politicians.

[Fesatmas]

Official currency? is it the only one as a means of payment later for the country of Paraguay? I would prefer if they just legalized Bitcoin without having to set aside the initial legal payment money. However, this will not be fully supported, we see there is always an opposition and to stabilize the economy in Paraguay, the government thinks twice about making Bitcoin the only legal tender. Look at El Salvador, they also don't make Bitcoin the only one. This of course can create stability. Even there, even though there are two payment alternatives, there are still pros and cons, let alone one payment instrument. Bitcoin is quite adopted as a second alternative. So that people have the freedom to use it.

[herurist]

what has been done by the country of El Salvador by adopting bitcoin as a legal transaction tool in their country is a revival for bitcoin, this time it's the turn of the country of Paraguay who wants to follow in the footsteps of the country of El Salvador to adopt bitcoin nationally in countries located on the Latin American continent If this is really realized.it is not impossible that bitcoin will return to the way it was before, because at this time bitcoin really needs recognition from sovereign countries for the process of bitcoin's survival in the future

el salvador is indeed starting to improve for their future and it can be said that they are one step ahead with the actions they dare to take.
but of course the adoption of bitcoin is not an easy thing to do, especially for one country because they really need to think carefully in making decisions because this is related to state assets and the existing economy.
and of course there must be pros and cons just like the beginning of elsavador adopting bitcoin.
it's good enough if there are more countries adopting bitcoin but indeed until now there is still no sign of other countries following besides Paraguay's incessant.

[flyer88]

with the adoption by the country of El Salvador of the adoption of bitcoin nationally in their country this is very positive for the survival of bitcoin, such as the discourse on the topic that there will be a second country where Paraguay is also seriously interested in bitcoin being adopted in that country, if this really happens it will have a very positive impact on bitcoin, bitcoin is currently in dire need of recognition from sovereign countries

[milewilda]

with the adoption by the country of El Salvador of the adoption of bitcoin nationally in their country this is very positive for the survival of bitcoin, such as the discourse on the topic that there will be a second country where Paraguay is also seriously interested in bitcoin being adopted in that country, if this really happens it will have a very positive impact on bitcoin, bitcoin is currently in dire need of recognition from sovereign countries

Not to really be that hateful or in doubt but they should at least look up on what do happens with El salvador when it comes on making Bitcoin as their main currency rather than on hurrying up on making decisions.
I dont really have any doubts with bitcoin to be on countries main or official currency because decentralization doesnt really works for a centralized type of government which means there would really be
lots of adjustments that would really be done from being heavily centralized to decentralized which is something that they would consider it out.

[arwin100]

with the adoption by the country of El Salvador of the adoption of bitcoin nationally in their country this is very positive for the survival of bitcoin, such as the discourse on the topic that there will be a second country where Paraguay is also seriously interested in bitcoin being adopted in that country, if this really happens it will have a very positive impact on bitcoin, bitcoin is currently in dire need of recognition from sovereign countries

Not to really be that hateful or in doubt but they should at least look up on what do happens with El salvador when it comes on making Bitcoin as their main currency rather than on hurrying up on making decisions.
I dont really have any doubts with bitcoin to be on countries main or official currency because decentralization doesnt really works for a centralized type of government which means there would really be
lots of adjustments that would really be done from being heavily centralized to decentralized which is something that they would consider it out.

Correct because their economy will be at stake if they will rush those adoption. The best they can do for now is they should see first what the effect it cause to El Salvador for much longer time so that they can evaluate clearly if Bitcoin is really good to be adopted and treated as a legal tender on their country. I can't deny that there are heavy adjust toward what you mention as well as we can't deny how unpredictable the market especially by now we can see a huge trial for BTC to retain its current level.

[Slow death]

they won't do the same thing that El Salvador did, what they will do is just legalize bitcoin which would allow banks or companies to buy bitcoin or even pay wages in bitcoin and also the courts would be more comfortable when judging cases involving bitcoin. creating bitcoin laws does not mean that bitcoin would replace local currency, they are different things and in my opinion I don't see why they go so far as to replace the local currency because just create good bitcoin laws that everything is clear and resolved

[dupee419]

with the adoption by the country of El Salvador of the adoption of bitcoin nationally in their country this is very positive for the survival of bitcoin, such as the discourse on the topic that there will be a second country where Paraguay is also seriously interested in bitcoin being adopted in that country, if this really happens it will have a very positive impact on bitcoin, bitcoin is currently in dire need of recognition from sovereign countries

Not to really be that hateful or in doubt but they should at least look up on what do happens with El salvador when it comes on making Bitcoin as their main currency rather than on hurrying up on making decisions.
I dont really have any doubts with bitcoin to be on countries main or official currency because decentralization doesnt really works for a centralized type of government which means there would really be
lots of adjustments that would really be done from being heavily centralized to decentralized which is something that they would consider it out.

Correct because their economy will be at stake if they will rush those adoption. The best they can do for now is they should see first what the effect it cause to El Salvador for much longer time so that they can evaluate clearly if Bitcoin is really good to be adopted and treated as a legal tender on their country. I can't deny that there are heavy adjust toward what you mention as well as we can't deny how unpredictable the market especially by now we can see a huge trial for BTC to retain its current level.

Honestly, Paraguay is a country that is more suitable to actually make Bitcoin as a legal tender, economy-wise, I think Paraguay won't have any kind of struggle if they were to adopt Bitcoin, but legalizing it at this point is much more practical than making it as a legal tender.

[Fundamentals Of]

To be honest I think a country does not have to legally declare Bitcoin as an official currency or a legal tender. It is enough that it be considered as an acceptable alternative payment for goods and services. Being a legal tender implies a heavy sense of responsibility in which small and large businesses alike as well as consumers are bound to a certain extent by law to accept Bitcoin payments. Bitcoin does not have to be given a throne beside fiat. It is enough that its use is legally accepted within the country.

[kotajikikox]

Indications from different angles has been established toward having the second breaking of record in the adoption of Bitcoin as a legal tender by some countries in the likes of Paraguay ever since the first adoption by El-Savador, more effontery has been geard towards the move by responsible citizens while some even promise to legalize it if elected in their political post ambitions.

In Paraguay, all expectation is high toward the next step of government action in adopting Bitcoin as it's major currency, the question now is could Paraguay be the second to adopt Bitcoin as a legal tender? .... If yes, are there more visible indications to buttress the notion.

Paraguayan congressman had stated that he would be introducing legislation to legalize Bitcoin in his nation.

Well since Paraguay is looking at EL Salvador as their mentor in adopting bitcoin (maybe legal tender) best that they must also listen to the El Salvadorian's like what is happening now.

There are many protest and even wild reaction from Anti Bitcoin as they are not giving the chance to release their thoughts instead the government just introduce and accept bitcoin that Easy.

we all knew that this is for the betterment of their own economy but understand that people also wanted to be part of every decisioning from the Higher up.