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"The Central Bank of Paraguay, through Resolution No. 7/21, approved the regulations of the Working Group on Digital Currency of the Central Bank of Paraguay (CBDC, for its acronym in English), in order to monitor the different international initiatives on CBDC, as well as analyzing the implications of an eventual implementation of some type of CBDC by the BCP. The motivation to explore a CBDC is its use as a means of payment. A digital currency issued by the BCP could provide complementary money to the public, adhering to the development of the national payment system, as long as the security of the transactions is preserved."

Millions of people across Argentina, Uruguay, Paraguay and southern Brazil were left without power early on Sunday after a massive power failure hit all four countries.

In the wake of El Salvador's move to make Bitcoin legal tender, Tanzanian president Samia Suluhu Hassan urged the country's central bank to begin exploring crypto assets. A number of lawmakers in Latin American countries have also expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender, including Paraguay, Argentina, Panama, Brazil, and Mexico.