Paraguayan President Santiago Peña recently faced backlash after a misleading post was shared on social media, claiming that Bitcoin would be recognized as legal tender in the country. Peña's official government account quickly issued a warning, urging followers to dismiss any unverified content without confirmation from his office. This clarification came shortly after Peña himself announced the establishment of a Bitcoin reserve worth $5 million and provided a wallet address for potential investors. The government emphasized the need for accurate information and stated they were working with the social media platform to rectify the situation. The incident highlights the ongoing discussions in Central and South America regarding cryptocurrency regulations, particularly following El Salvador's lead in 2021, which has since encountered legal uncertainties. The story remains developing as more updates are anticipated.

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