Spain’s Central Bank: Bitcoin Inefficient As Large-Scale Payment System

spain central bank bitcoin

Spain’s Central Bank, Banco de España (BDE), has published a report stating that Bitcoin is inefficient as a payment system. It may, however, have slightly missed the boat, as it does ignore second layer protocols such as Lightning Network. Good Title, Shame About The Rest The author of the report, BDE’s Deputy General Director of Financial Innovation and Market Infrastructures, Carlos Conesa, started well. He clearly deliberated for some time over the title, finally settling on

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Six EU Nations Sign Agreement to Regulate Distributed Ledger Technology (DLT)

EU DLT European Union

The Government of Malta this week announced the signing of a joint declaration of cooperation on Distributed Ledger Technologies (DLT). They joined a group of six other Southern European countries; France, Italy, Portugal, Spain, Greece, and Cyprus. Transformative Technology The countries released a joint-statement noting a shared view that the digital sphere is an ideal policy area for future cooperation. It also claims that DLT (a.k.a. blockchain technology) and other emerging technologies, such as 5G

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Six EU Nations Sign Agreement to Regulate Distributed Ledger Technology (DLT)

EU DLT European Union

The Government of Malta this week announced the signing of a joint declaration of cooperation on Distributed Ledger Technologies (DLT). They joined a group of six other Southern European countries; France, Italy, Portugal, Spain, Greece, and Cyprus. Transformative Technology The countries released a joint-statement noting a shared view that the digital sphere is an ideal policy area for future cooperation. It also claims that DLT (a.k.a. blockchain technology) and other emerging technologies, such as 5G

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Spain’s Central Bank: Cryptocurrency Could Improve Monetary Policy

Spain crypto-friendly legislation

Central banks around the world have had unfavorable views towards cryptocurrency bu the Spanish Central Bank, Banco de España (BDE), is a striking exception. Banco de España (BDE) recently released a report in support of cryptocurrency and blockchain technology. The report explores the pros and cons of having a digital version of the state currency. It concludes that digital coins and blockchain technology could help the Spanish economy. In particular, it would benefit monetary policy and

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Spanish Bank Makes History And Votes With Blockchain At Annual Meeting

The secure, decentralized nature of blockchain technology presents countless applications outside of cryptocurrency, as one European bank proved in a historic first at its last annual investor meeting. Investors at future meetings could wait seconds instead of weeks to see their votes counted and confirmed. ‘Practical’ and ‘Instant’ Investors at the Madrid-based Santander bank cast their votes using blockchain at their annual general meeting (AGM) late last month, the bank announced today. Santander hailed the

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Spain Seeks to Pass Crypto-Friendly Legislation

While other European countries seek stricter regulations on cryptocurrencies, Spain looks to follow Switzerland’s lead and charge ahead of the curve by proposing crypto-friendly legislation. Spain on the Blockchain Spanish Prime Minister Mariano Rajoy’s People’s Party is ready to throw their full weight behind blockchain technology. The conservative party claims to be preparing crypto-friendly legislation with aims to entice blockchain companies, particularly by including tax breaks. According to Bloomberg, Teodoro Garcia Egea — the lawmaker

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