Paraguay Addresses Twitter Hack Falsely Claiming Bitcoin as Legal Tender

President Santiago Peña’s Twitter account was hacked, falsely declaring Bitcoin as legal tender in a fabricated announcement. This created market uncertainty but ultimately had no lasting impact on Bitcoin’s legality or value. The Paraguayan government clarified that the Guaraní remains Paraguay’s official currency and there is no evidence-based decree supporting otherwise. No changes to the financial system occurred, and government spokespeople debunked rumors of Bitcoin integration into the country’s finance. This incident underscores the vulnerability of digital communication in political spheres, with cybersecurity measures crucial to prevent misinformation from influencing public and market perceptions.