Government of Spain analyzes tax benefits to attract cryptocurrency companies to the country

According to Bloomberg, the Popular Party of Spain is drafting a bill to encourage attention in cryptocurrencies, which would be the first of a series of movements to focus on companies that work with innovative technologies, such as 3D printers. .

However, as stipulated by legislator Teodoro García Egea, the project could include attractive parameters for companies seeking to sell tokens through the ICO's, in addition to specifying a structure in which there would be no need to declare the profits of cryptocurrency in fiscal terms.

The Spanish Popular Party is also motivating legislators to listen to testimonies from Blockchain experts, and the team intends to analyze the regulatory measures that countries like Switzerland have implemented. Speaking to Bloomberg Politics, Egea said that the chain of blocks is very good for Spain, since it stimulates sectors such as education, finance and health.

In addition, Egea stressed:

We also want to establish the safest framework in Europe to invest in ICO's.

It should be noted that Spain is not the only country that is currently working on the consolidation of Blockchain and cryptocurrencies. Gibraltar, for example, is also doing