đš Paraguay's justice system has achieved a significant milestone by securing its second conviction related to power theft linked to cryptocurrency mining. In this case, Carlos Raul Rojas, the owner of a property where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over $1.5 million in losses to the National Power Administration (ANDE) Âč. The mining operation was illegally connected, bypassing power metering devices and siphoning energy directly from the grid. Authorities also seized three power transformers during the raid, which occurred at a location masquerading as a chicken farm . This farm had been operating for two years, resulting in substantial losses to the National Power Company of Paraguay (ANDE) .
Moreover, the Paraguayan Senate recently passed a law imposing up to 10 years in prison for crypto-linked energy theft crimes, emphasizing the importance of compliance with legal standards . Energy theft for other purposes can also lead to **up to three years in prison. As the crypto industry continues to evolve, responsible practices and adherence to regulations are crucial. Let's stay informed and build a crypto community that operates within legal boundaries! đĄđ.#Paraguay #LowestCPI2021 #BlackRockETHOptions #Write2Earn! #LowestCPI2021
