The Spanish ruling party known as Partido Popular (PP), has proposed to use blockchain technology in the public administration. The main intention behind this proposal is to improve transparency in the political and public arena and make processes more efficient.
The bill was submitted on June 22 and published on the legislative branch’s website four days later. The purpose of using the blockchain is to increase transparency for both the public and the political arenas while being a tool to increase efficiency. Spain’s Congress has yet to review the bill and the website indicated that that the bill is still pending review by other deputies.
The initiative by the PP is in line with others that have been introduced by Spanish lawmakers. Members of the Partido Socialista Obrero Español (Spanish Workers Socialist Party, PSOE) introduced bill to the Senate in March that would authorize a study of trends and effects of cryptocurrency adoptions. The study would be based on research of how other countries were identifying and regulating the industry.
This is not the first time that Spain is debating blockchain-related bills or about cryptocurrencies. In the past, the same political party, wanted to attract blockchain and crypto related companies.
The former Prime Minister Mariano Rajoy, was preparing possible tax breaks for companies to settle their operations in the country. Later in March, Ciudadanos party offered to establish clear rules to companies and enterprises working with virtual currencies.
Furthermore, the PSOE party, has also presented a motion to study blockchain regulations in different countries to understand better how the environment works.
None of the bills has yet to be fully addressed and decided by the Spanish government; however, answers are expected by the end of the year.
KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.