Maria Muñoz, the Spanish representative from the country’s parliament, hopes to position the country as a reliable alternative for miners facing a severe situation in Kazakhstan because their internet services have been suspended, affecting their ability to operate . Muñoz wrote to the conference asking what measures Spain might take to attract fleeing miners and the impact of this incident on the Spanish mining industry.
Spain’s deputy representative Maria Muñoz asked about the consequences of the situation in Kazakhstan
Maria Muñoz, Member of the Spanish Parliament letter Ask what possible actions the government can take to take advantage of this situation and absorb institutions that flee the business of Bitcoin miners KazakhstanThe country faced civil unrest and protests following the increase in fuel prices, and also suspended Internet access, affecting Bitcoin miners who settled in the country. This led to a drop in Bitcoin’s hash rate, with some reports claiming a 12% drop after these events.
Against this background, Muñoz asked the Spanish government for information about these developments and how they affected the cryptocurrency mining operations currently taking place in Spain. In addition, in the same letter, she asked about the development of the sector in the country and the energy used for this purpose on Spanish land.
An encryption veteran
The cryptocurrency business is not new to Muñoz, who was interested in the industry and its possible regulation in Spain before the situation in Kazakhstan.The representative is part of the liberal party of Ciudadanos and is incorporated into a law proposal A national strategy was designed for the cryptocurrency industry in October last year, enabling them to establish a clear framework to attract investors and protect citizens from cryptocurrency fraud.
The proposal convened by the local media revealed that although cryptocurrency achieved important growth in Spain last year, there is no specific agency to regulate the industry. Therefore, citizens may have false expectations on this matter. To this end, the party requires publicity activities to let citizens understand the true meaning of cryptocurrency, and coordinate efforts with EU and European cryptocurrency companies to establish coordinated cryptocurrency supervision.
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