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

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.

  • María Muñoz took it to Twitter 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.

  • As CryptoPotato reported 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.
Read more:  UBS Has No FOMO for Crypto as Asset Class Still Untested, Says CEO Ralph Hamers

Featured image courtesy of El Mundo

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