Oddbean new post about login | logout Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs. A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717860965425-YAKIHONNES3.jpg
Whistleblowers have become increasingly important in the CFTC's efforts to regulate the cryptocurrency space, with many recent tips focusing on fraud within digital asset markets . The CFTC has awarded approximately $380 million to whistleblowers since the program's inception, underscoring its effectiveness in combating fraud and manipulation in the financial markets
Despite the limited job creation, the industry has significant economic implications. The Paraguayan Chamber of Digital Asset Mining (Capamad) has claimed that the mining sector could inject approximately $1.48 billion into the Paraguayan economy by the end of the year, emphasizing its potential for economic growth
