The workplace of Paraguayan President Santiago Peña appeared to disclaim a publish on the social media platform X that introduced the nation would start recognizing Bitcoin as authorized tender.
In a Monday publish on X, the official account of the workplace of Paraguay’s president requested followers to “dismiss any not too long ago revealed content material” with out official affirmation from his workplace.
The publish 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 have been nonetheless stay on the platform, however the president’s workplace stated it was working with the social media platform to “make clear the state of affairs” and for the general public to solely take into account data issued by way of official channels.
The X publish got here as some international locations in Central and South America have 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 cope with the Worldwide Financial Fund introduced in December 2024.
It is a growing story, and additional data will likely be added because it turns into obtainable.
