{"id":7114,"date":"2021-08-04T13:20:18","date_gmt":"2021-08-04T12:20:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=7114"},"modified":"2021-08-04T13:20:27","modified_gmt":"2021-08-04T12:20:27","slug":"spanish-political-party-proposes-bill-to-enable-mortgage-payments-in-crypto","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/spanish-political-party-proposes-bill-to-enable-mortgage-payments-in-crypto\/","title":{"rendered":"Spanish political party proposes bill to enable mortgage payments in crypto"},"content":{"rendered":"\n
Spanish opposition party proposes a bill to enable mortgage and<\/a> insurance payments to be made in cryptocurrency, the party believes this will help promote the blockchain and AI industries.<\/h5>\n\n\n\n
\"Spanish<\/figure>\n\n\n\n

By presenting a new bill on digital transformation\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, Spanish politicians are supporting a new legal attempt to legitimate the cryptocurrency and blockchain industries.<\/p>\n\n\n\n

The People's Party (PP) a Spanish political party, has proposed a new draft bill. Its goal is to promote innovation in a variety of industries by regulating emerging technologies like blockchain and artificial intelligence, as well as for cryptocurrencies like Bitcoin (BTC).<\/p>\n\n\n\n

The PP suggested legalizing the use of bitcoin and blockchain technology for mortgage and insurance purposes as part of the draft bill.<\/p>\n\n\n\n

The plan intends to allow property owners to pay their mortgages in cryptocurrency and to allow the real estate industry to use its own coin to purchase mortgages<\/a>.<\/p>\n\n\n\n

The draft bill also asks for Spanish banks to use blockchain technology to manage mortgage and insurance processes by automating them using smart contracts.<\/p>\n\n\n\n

The draft bill proposes that enterprises participating in the crypto and blockchain industries in Spain receive significant tax advantages and patent benefits.<\/p>\n\n\n\n

Local tech innovation businesses should be eligible for a 90 percent discount on national patent and registration fees at the Spanish Patent and Trademark Office, according to the law.<\/p>\n\n\n\n

In addition, the new proposal proposes the formation of the National Crypto Asset Council for public advice, which will include officials from the Treasury Directorate General, the National Securities Market Commission,<\/a> and the Bank of Spain.<\/p>\n\n\n\n

In early July, the Spanish parliament enacted a new law forcing residents to report their cryptocurrency holdings as part of the country's efforts to combat tax evasion and fraud.<\/p>\n\n\n\n

The law aims to broaden the scope of regulation of the Spanish crypto sector by imposing important new criteria for cryptocurrency holding and trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spanish opposition party proposes a bill to enable mortgage and insurance payments to be made in cryptocurrency, the party believes this will help promote the blockchain and AI industries. By presenting a new bill on digital transformation , Spanish politicians are supporting a new legal attempt to legitimate the cryptocurrency and blockchain industries. The People’s […]<\/p>\n","protected":false},"author":12,"featured_media":7115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[1949,132,1948,1947],"class_list":["post-7114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-bill","tag-crypto","tag-mortagage","tag-political-party"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Spanish-political-party-proposes-bill-to-enable-mortgage-payments-in-crypto.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=7114"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/7114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/7115"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=7114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=7114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=7114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}