Spain’s Ruling Party Suggests Applying Blockchain in Administering Country

July 2, 2018

133 deputies of the ruling party of Spain have proposed a bill on using blockchain in state management.

The draft was introduced to the Spanish Congress on June 22 and published on the body’s official website on June 26 but not considered by other deputies. The website reveals no specific information on the bill.

As reported earlier, the government considers implementing tax exemptions for companies that use blockchain. Corresponding legislation must be finished by the end of the year.

In March another Spanish party Ciudadanos proposed setting sound rules for agents that work with cryptocurrencies and make them provide necessary information to the tax agency. Later in March the party PSOE suggested studying how cryptocurrencies get regulated in other countries.


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