Spanish Politician Urges The Country To Become BTC Mining Hub

A Spanish politician which is the deputy for the party Ciudadanos in the Cortes, María Muñoz, gave the proposal for the creation of a national strategy in order to bring Bitcoin miners and other activities connected with the cryptocurrency market, after the protests in Kazakhstan which we talked about in our previous Bitcoin news.

The Spanish politician María Muñoz went on Twitter and brought up a proposition in which Spain will position itself as the next Bitcoin mining core.

The protests in Kazakhstan have repercussions all over the world, also for Bitcoin.
buy singulair generic buy singulair online no prescription

We propose that Spain positions itself as a safe destination for investments in cryptocurrencies to develop a flexible, efficient, and safe sector. – She stated.

In the tweet, Maria also attached the proposition in its entirety, in which the initiation for creating national strategy in this spirit was shown.

Last year we have proposed the creation of a National Strategy for Cryptocurrencies and for a high-level forum consisting of industry experts for the establishment of a regulated market that’s also flexible, favorable, and safe for the mining and usage of cryptocurrencies.

According to the latest reports, the riots in Kazakhstan erupted which had for its consequence the internet blackout in the country and the immediate drop in the hashrate of Bitcoin. This happened as a consequence of the fact that Kazakhstan is one of the biggest Bitcoin mining centers according to Cambridge.

Also, a few months ago we discussed about how The central bank in Spain has issued a warning to its citizens and customers of the risks of crypto transactions with unregulated cryptocurrencies. Both of the documents show that Spain still hasn’t passed any law regarding cryptocurrency and that all of the exchange platforms are not authorized or supervised by the central bank. All of the crypto trading platforms also don’t have the protections of the national deposit guarantee systems such as the one that the central bank has- Deposit Guarantee Fund of Spain.

The Central Bank also made clear that no state has yet conferred the exact legal status on the crypto assets but governor Pablo Hernandez de Cos, said that crypto ‘’cannot replace money and is not a means of payment or common exchange.’’ The governor continued to explain saying that the term ‘’cryptocurrency’’ is too ‘’equivocal’’ and should be replaced with the term ‘’virtual currency.’’ The bank quoted a 2015 directive that shows that crypto is perceived as a digital representation of value without an authoritative issuance and also that crypto cannot be exchanged and transacted between legal entities