Spain's popular party (PP) to establish the Blockchain regulations on cryptocurrencies

Teodoro García Egea, the general secretary of Partido Popular (PP) announced that he will present a law to Congress in the coming days to regulate the crypts and the technology behind them, blockchain.

Egea made this statement during the presentation of ISDE Blockchain and the legal research center at the Higher Institute of Law and Economics in Madrid, where he defended the importance of regulating the use of cryptocurrencies to "give security to the investor" and in a that "anyone who wants to introduce a cryptocurrency" can do it. He stressed that this well-regulated technology would also allow "financial infrastructure". He also listed the advantages of digital currencies compared to paper money like the one currently used: a structure to track every euro and the "big" difficulty "to" hack "the digital balance of any user" without the consent of all the nodes " blockchain "".

The PP plans to introduce other measures such as the facilitation of "tax incentives to develop" blockchain "in companies, the creation of a National Council of cryptocurrencies and the training of users in this technology.

A couple of days ago BitcoinExchangeGuide reported that Malta, along with six southern EU countries, announced an agreement to promote the use and benefits of DLP (distributed ledger technology). The other countries that include Cyprus, Italy, France, Spain, Portugal and Greece, have announced this in a joint declaration on cooperation between all countries to encourage the adoption of technology.

By signing this agreement on distributed ledger technology, countries can present a united front as they seek to expand their digital agendas. This united front will essentially make them the main advocates of technology in Europe.