The Economy and Business Commission of the Spanish Parliament received this week a non-law proposal to include blockchain technology in the operation of public administration.
The proposal number 161/003428, entitled " Proposition no of Law on the introduction of Blockchain technology in the Public Administration in Spain " was presented on the 22nd of June and received the qualification of "publication" four days later, although at the moment it is not available for public reviews.
According to the web portal of the Spanish Congress of Deputies, 133 deputies of the Popular Parliamentary Group raised the possibility of using distributed accounting technology in public administration. A proposal not of law that is configured as the second proposal linked to the blockchain ecosystem that the economic committee receives during the first half of 2018.
It is important note that the previous proposal received by the aforementioned committee came from the opposite parliamentary group, from Grupo Parlamentario Ciudadanos chaired by Albert Rivera. Citizens proposed the past March to establish clearly what information must be provided by mandatory "financial intermediaries" to the Spanish Tax Agency.
This proposal, also with a non-legal character, sought to achieve clarification on the part of the tax authorities to avoid sanctions against Spanish citizens due to the trade tax with cryptocurrencies.
The Finance Committee responded to such request by resolving the creation of an Authority Independent Consumer Protection and Financial Investor; as well as establishing mechanisms to ensure "fulfillment of information obligations to the Tax Agency by financial intermediaries in the purchase and sale of cryptocurrencies".
Apparently, initiatives linked to cryptocurrencies are in tune with the three most important political parties of Spain ; as the Spanish Socialist Workers Party (PSOE) also contributed its proposal to the discussion, but from the Senate of the European country.
On March 23, the PSOE proposed a motion to study the trends and effects of cryptocurrencies through measures adopted in other countries, as well as global and regional initiatives , all with the aim of making decisions taking into account the warnings of the National Securities and Exchange Commission (CNBV) and the European Securities and Markets Authority (ESMA); this because both financial authorities have warned of the dangers linked to the financial activity that acts without regulation.
From different edges in Spain have been approaching the regulation during the last year. of the activity linked to cryptocurrencies and the implementation of blockchain technology. A panorama of approach that coincides with that of various countries worldwide, being an example the United Arab Emirates.
The UAE aims for 2020 to migrate all transactions of public administration to a blockchain platform that offers them security, efficiency and long-term cost reduction. An ambitious goal for which they have been working since the beginning of 2017 thanks to Accenture and other development partners to turn Dubai into a blockchain city.
In the case of Spain, we will have to wait to know what direction the competent authorities will finally take.
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