Paraguay warns of ‘irregular activity’ after post claiming BTC is legal tender

An X post by Paraguay’s President Santiago Peña claimed the country had recognized Bitcoin as legal tender, but the official government account soon urged users to “dismiss any recently published content.”

The office of Paraguayan President Santiago Peña appeared to deny a post on the social media platform X that announced the country would begin recognizing Bitcoin as legal tender.

In a Monday post on X, the official account of the office of Paraguay’s president asked followers to “dismiss any recently published content” without official confirmation from his office.

The post was made minutes after Peña’s personal account on X announced (in English) that Paraguay had made Bitcoin (BTC) legal tender, and established a BTC reserve worth $5 million, also providing a wallet address for investors to “secure [their] stake.”

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