Following Spain’s congress unanimous approval for favourable blockchain and cryptocurrency regulations, the country is now taking steps toward implementing the new rules.
According to a last week’s announcement, the local authorities in Barcelona intend to set up a city sector specialized in blockchain to nurture the technology’s growth in the digital space. Earlier on, first blockchain based credits were issued by the Spanish Banco Bilbao Vizcaya Argentaria (BBVA)
Nevertheless, security measures are kept in place to ensure the new tech compliance with existing rules, as emphasized in the draft of the new regulations, including an emphasis on correct taxation of cryptocurrency transactions.Tags: Blockchain implementation, Spain
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