People’s Party Wants To Use Blockchain In Spanish Administration

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A bill to use blockchain technology in the Spanish public administration was proposed by 133 deputies of the country’s ruling party.

Deputies of Partido Popular introduced the proposal number 161/003428 to the Spanish Congress on 22nd June. It was published on the official website four days later.

There aren’t any more information on the Congress’ website on the bill’s details yet. It hasn’t been reviewed by other deputies either.

The Partido Popular worked on a cryptocurrency-friendly legislation already in February. The idea was to offer incentives and tax breaks to companies using blockchain technology and cryptocurrencies.

“The technology is a driver for business” said Teodoro Garcia Egea, of the People’s Party back in February and added that “We hope to get the legislation ready this year”.

The new legislation could also regulate initial coin offerings (ICO). “We want to set up Europe’s safest framework to invest in ICOs” – Teodoro Garcia Egea expressed.

 

Do you think that Blockchain technology is a good choice for the Spanish public administration? Share your thoughts in the comments below!

 

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