The President of Paraguay announced on his official X account that his country will recognize Bitcoin as legal tender.
The news was shared by Bloomberg, but it seems likely that the Paraguayan President's X account was hacked. A cryptocurrency wallet address was shared from the account.
? Official: Paraguay ?? makes #Bitcoin legal tender!
President Peña confirms $5M BTC reserve + bond access for crypto-enabled citizens.
? Investors: your investment today will determine the scale of this rollout.
Secure your stake in Bitcoin now:
?… pic.twitter.com/yWNhNgVN6Z— Santiago Peña (@SantiPenap) June 9, 2025
*This is not investment advice.
