A tweet of the president of Paraguay, Santiago Peña, said that the country had adopted Bitcoin as a legal call. The message included a stylish graph as a presidential decree, declaring that Paraguay had created a bitcoin reserve of $ 5 million.
This also suggests that the country would offer access to cryptographic obligations to “crypto citizens”. However, a careful examination of La Poste suggests that the president’s official account could be hacked.
Another president hacked the crypto
The image attached to the tweet seems stylized as a presidential decree. However, its conception, its tone and its formatting do not correspond to the official documents of the Government of Paraguay.
The language contains an unusual phrasing. Terms like “Liquetado de Tesiería” and “Ciudadanos Habilitados por criptomonedas” are not used in formal legal contexts.
The seal of the document seems to be inserted numerically. The design of the border is generic. The announcement uses conversational language instead of formal legal or political terminology. Terms like “Ciudadanos Habilitados por criptomonedas” and “Etiquetado de Tesorería” are not a standard legal language in Spanish.
In particular, the tweet includes a Bitcoin portfolio address. This is a common characteristic in the articles of the cryptographic and very unorthodox scam in government communication.
President Peña has not publicly supported Bitcoin as a legal course before. Its administration has adopted a cautious approach to cryptographic regulations.
Paraguay allows bitcoin extraction because of its hydroelectric surplus. But the government has expressed concern about illegal minors operating the national electricity network.
Peña is a trained economist and former IMF advisor. Its political objective was placed on budgetary reform and digital infrastructure – not the adoption of cryptography.
In 2021, the Paraguay Congress debated a bill to regulate the exploitation of cryptography. However, this effort preceded the presidency of Peña and did not involve the status of tender.
The current administration continued any known effort to integrate bitcoin into its national currency system or cash operations.
The evidence highly points to a hacked account or a false identity theft, designed to induce and possibly defraud cryptographic investors.
The inclusion of a Bitcoin portfolio address is unprecedented in national policy and a classic tactic in cryptographic scams.
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