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Spain to Provide Blockchain and Cryptocurrency Regulation

blockchain reulation

The Spanish government has prepared a draft bill focused on blockchain and crypto regulation and will introduce it in near future.

The decision about blockchain regulation was announced at a ceremony of The Madrid Blockchain and Law. The main aim is to make blockchain-related projects more certain and understandable to investors or providing the opportunity to introduce crypto enthusiasts’ own coins.

There is a possibility of cutting taxes for blockchain projects and companies related to decentralized technologies and solutions. To control the process of blockchain regulation and encouragement of crypto startups as well as promote education in this field the government might establish a national council on blockchain and cryptocurrencies.

The key goal of all these government events is to help Spain to become one of the blockchain industry leaders which would affect the state economy in general.

Such a serious approach demonstrates blockchain use extending and a good chance of its further development and implementation even at the state level. Though blockchain is often called a “technology of the future”, it has already gotten implemented and provided its benefits both by small technology startups and large corporations.

Whether you consider the opportunities of blockchain for establishing a new breakthrough business or level-upping an existing one it’s a great tool to create an amazing project! You may find out about your idea realization feasibility by asking us.

DO YOU HAVE ANY QUESTIONS?

LET'S DISCUSS! BOOK A CONSULTATION WITH OUR SPECIALIST


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