Bitcoin mining, a significant contributor to Paraguay’s economic balance, is under threat of new legal regulations. Hashlabs Mining’s co-founder and chief mining strategist Jaran Mellerud argues that this sector positively affects the country’s trade balance and that a ban could harm the economy. The country’s lawmakers are considering adopting a bill in the upcoming period that aims to ban cryptocurrency mining. However, if this bill is enacted, it is indicated that the Paraguayan economy could suffer losses of over $200 million a year.