Blockchain News – Catalonia Acknowledging Cryptocurrency Post-Independence
October 29, 2017 12:39 pm
Blockchain News – The small but financially stable Catalonia region of Spain has announced its independence, but Madrid vows to let the area a part of Spain. Though governments as well as thought leaders throughout the world line up behind opposed sides, the would-be independent government body is searching for using a national cryptocurrency and a Blockchain-dependent residency system.
As per a local newspaper in Spain, the Catalonian digital office director who is also called as SmartCatalonia has already visited Estonia on a few occasions to understand their digital residency ideas. Estonia popularly came in the news when their idea for a national currency was shot down with cruelty by the European Central Bank President.
National virtual currency
However, the Blockchain residency program will be the first of such kind in Europe; perhaps the more significant news is that an independent Catalan government would probably not have a central bank, selecting a national cryptocurrency in actual. With Russian and Kazakhstan already recommending national cryptocurrencies, this step would not be taken as a great token of surprise.