Topic: Spain is preparing for Crypto Fiesta! (Read 145 times)
Interesting development, especially because local business starting to accept cryptocurrencies. Also because Spain is slightly old-school in terms of payments, because small payments via cards are not widely accepted (most of the times you can, but it isn't usual to do so). By accepting cryptos (against very low fees) it will be more accepted to pay digitally.Hopefully more countries in the EU will create proper legislations so that there will be a real use case.
So what are you trying to drive at? To take your services for KYC purposes? Are you specific to EU only because I see "GDPR & ISO/IEC 27001:2013 compliant"? I advise you to expound further what are you offering here. And why you specifically pointed out Spain though? There are lots of EU countries like Germany who already embraces crypto already, AFAIK.
The first country to dive head first into crypto has the ability to go from third-world to first world. I understand their hesitancy because most officials probably don't understand crypto. But we could see the Crypto Wakanda come out of this.
In 2018, several Spanish universities - have started institutional courses including Bitcoin, Ethereum, ICOs, smart contracts, and Crypto-Economics. Now you can get Master or Diploma in Ethereum, Blockchain Technology and Crypto-Economics, and other programmes within just six months from some of the most prestigious business institutions, such as Instituto de Empresa Business School in Madrid and other universities in Seville, Pamplona and Barcelona.
Spain is starting to accept crypto coins – in Barcelona it is becoming very popular, from retail business to tourist and local restaurants. CrossFit centers in Madrid and Granada, operated by Singular Box, offer to its customers to pay gym memberships in Bitcoin and other tokens and the reaction from its members is very good. And other gyms and even network of holistic health clinics across the country have followed the stream, as they “believe cryptocurrencies are the future of commerce in all industries”.
Earlier in October 2018, the Spanish government made a decision to begin taxing crypto earnings and Spanish investors now are obliged to disclose their cryptoassets in order to create transparency for digital assets taxation, the measures seek to make holders of crypto wallets declare them nevertheless whether they are in Spain or offshore.
The Spanish traditional banks have also showed interest in crypto acquisition, expressing that independent citizens are not alone in their desire to hold cryptocurrencies. The Central bank of Spain has also mentioned about creating its own digital currency and issued a report stating, that “digital currencies and blockchain technology could benefit Spanish monetary policy and financial infrastructure.”
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