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Maria Munoz, a spanish congressman in the country, wants to position its country as a reliable alternative to miners who are facing a dire situation in kazakhstan, following the suspension of their internet service, affecting their operating capacity. Munoz wrote a letter to congress, inquire about the possible actions that spain might take to attract fleeing miners, and its impact on the spanish mining industry.
Spanish MP Maria Munoz questions the implications of the situation in Kazakhstan.
maria munoz, a deputy of the spanish congress, has directed a letter to the institution inquiring about the possible actions that the government could take to take advantage of the situation and absorb the business of bitcoin miners fleeing from kazakhstan. The country, which is facing civil unrest and protests after a fuel price hike, also suspended Internet access, affecting Bitcoin miners settled in the country. This caused a decline of the bitcoin hashrate, which some reports reported dropped by 12% after these events.
Munoz takes that situation as a backdrop to learn about the information the spanish government has about these developments and how they affect the cryptocurrency mining operations currently taking place in spain. The same letter also raises questions about the growth of this sector in the country and the energy used for this purpose in Spain.
A vet of cryptography.
The cause of cryptocurrency is nothing new for Munoz, who is interested in the industry and its possible regulation in Spain since before the situation in Kazakhstan. the deputy, who is part of the liberal faction from the ciudadanos party, was included in a law proposal last october to design a national strategy for the cryptocurrency sector that would allow them to establish a clear framework to attract investors and protect citizens from cryptocurrency frauds.
The proposal, agreed to in the local media, exposed that while cryptocurrencies had a significant growth in spain last year, there wasn't a specific institution to regulate the industry, and accordingly, there could be false expectations from citizens about this issue. On this, the party has asked for campaigns to inform people about what cryptocurrencies really are, and co-ordinate efforts to establish coordinated cryptocurrency regulation with the european union and cryptocurrency companies in europe.
What do you think of the letter sent by this Spanish MP concerning the situation in Kazakhstan? Let us know in the feedback section below.
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sergio goschenko
sergio is a cryptocurrency journalist based in venezuela. He describes himself as late in the game, entering the cryptosphere when the price hike happened in December 2017. With a background in computer engineering, live in venezuelan, and get hit by the cryptocurrency boom on a social level, it offers a different point of view on crypto success and how it helps the unbanked and underserved.
