Spanish Politician Argues the Country to Position Itself as a Bitcoin Mining Hub

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Spain should position itself as a hub for Bitcoin miners, argues a local politician.

Spanish politician and deputy of the Ciudadanos in the country’s Congress, María Muñoz, has proposed the creation of a national strategy to attract Bitcoin miners and other crypto-related activities following the protests in Kazakhstan.yesterday to bring up a proposition where Spain positions itself as a future Bitcoin mining hub.

The protests in Kazakhstan have repercussions all over the world, also for Bitcoin. We propose that Spain positions itself as a safe destination for investments in cryptocurrencies to develop a flexible, efficient, and safe sector. – She wrote. The politician also attached the entire proposition, which further revealed the creation of a national strategy in this regard.

Last year we have proposed the creation of a National Strategy for Cryptocurrencies and for a high-level forum consisted of industry experts for the establishment of a regulated market that’s also flexible, favorable and safe for the mining and usage of cryptocurrencies.a few days ago, the protests in Kazakhstan escalated, which led to an internet blackout within the country and the subsequent drop in Bitcoin’s hashrate.

This is because Kazakhstan is one of the leading countries in terms of BTC mining, according to data from Cambridge.

 

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