Maria Muñoz, a Spanish representative from the country’s Congress, wants to position her country as a reliable alternative for miners who are facing a difficult situation in Kazakhstan, after their internet service was suspended, affecting their operational ability. Muñoz sent a letter to Congress, inquiring about possible measures Spain might take to attract fleeing miners, and about the impact of this event on the Spanish mining sector.
Spanish MP Maria Muñoz inquires about the consequences of the situation in Kazakhstan
Maria Muñoz, a deputy in the Spanish Congress, directed a message For the institution inquiring about possible actions the government could take to take advantage of the situation and accommodate the business of fleeing Bitcoin miners from Kazakhstan. The country, which is facing civil unrest and protests after a fuel price hike, has also shut down internet access, affecting the country’s settled bitcoin miners. This caused Bitcoin’s hash rate to drop, which some reports have reported dropping by 12% after these events.
Muñoz takes this position as a background to inquire what information the Spanish government has regarding these developments and how they affect the cryptocurrency mining operations currently taking place in Spain. Moreover, in the same letter, I also asked about the growth of this sector in the country and the energy used for this purpose in Spanish soil.
The reason for cryptocurrency is not new for Muñoz, who has been interested in the sector and its potential regulation in Spain since before the situation in Kazakhstan. The deputy, who is part of the liberal faction of the Ciudadanos party, was included in a bill last October to design a national strategy for the crypto sector that would allow them to establish a clear framework to attract investors and protect citizens from crypto fraud. .
The proposal, as held in the local media, revealed that while cryptocurrencies experienced significant growth in Spain last year, there was no concrete institution to regulate the industry, and as a result, there may be false expectations from citizens on this issue. In this regard, the party requested the creation of campaigns to inform citizens about what cryptocurrencies really are, and the coordination of efforts to create a harmonized regulation of cryptocurrency with the European Union and cryptocurrency companies in Europe.
What do you think of the message sent by this Spanish MP inquiring about the situation in Kazakhstan? Tell us in the comments section below.
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