ANDE Employees Under Investigation for Illegal Bitcoin Mining Farms in Paraguay

In a surprising turn of events, reports have surfaced indicating that employees at Paraguay’s National Power Administration (ANDE) have initiated illicit Bitcoin mining operations within the country. Local newspapers have disclosed that seven engineers from the organization are currently under scrutiny for their alleged involvement in overseeing these covert ventures. Presently, the national prosecutor’s office, in collaboration with ANDE, is actively engaged in conducting a thorough investigation.

Accusations against ANDE engineers
The accusations implicate seven ANDE engineers who are suspected of orchestrating additional electrical connections to facilitate the power supply for Bitcoin mining activities. ANDE’s president, Felix Sosa, has acknowledged this reality and confirmed that the institution’s internal audit department is actively pursuing these claims. Sosa emphasized that ANDE employees have refrained from executing electrical connections directly, as this responsibility has been outsourced to contractors.

Nonetheless, the persistent challenge that continues to threaten the organization’s integrity is the battle against illicit mining operations. Since December of the previous year, ANDE has been combating unauthorized Bitcoin mining syndicates, having dismantled over 70 operations that were illicitly drawing power from the national grid.

Government’s perspective on Bitcoin mining
The Paraguayan government views Bitcoin mining as a catalyst for industrial progress. It perceives this activity as a means to leverage the country’s surplus energy reserves to foster a labor-intensive sector. Consequently, Bitcoin’s presence hints at its potential to pave the way for similar growth trajectories within the broader economy.

The forthcoming steps that Paraguay will undertake to address these allegations, along with the strategies to tackle prevalent corruption issues within power administrations, remain uncertain. The nation faces the task of navigating these challenges while also harnessing the potential benefits that Bitcoin mining could offer in its developmental journey.

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