{"id":4862,"date":"2018-02-19T06:55:32","date_gmt":"2018-02-19T06:55:32","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=4862"},"modified":"2018-02-19T11:56:28","modified_gmt":"2018-02-19T11:56:28","slug":"spain-drafts-block-chain-technology-friendly-legislation","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/spain-drafts-block-chain-technology-friendly-legislation\/","title":{"rendered":"Spain Drafts Block Chain Technology Friendly Legislation"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/spain.jpg\" alt=\"\" width=\"300\" class=\"alignright size-full wp-image-4897\" \/>Taking a leaf from Switzerland\u2019s crypto friendly policy, the Spanish government is preparing a legislation that will offer tax breaks to block chain technology based companies. The prime minister Mariano Rajoy is willing to extend his full support to the companies involved in block chain technology based business.<\/p>\n<p>Teodoro Garcia Egea, the lawmaker preparing the bill, is of the opinion that the new technology will drive innovation in finance, health, and education. Garcia Egea also hinted that the tax rebates will be offered for companies involved in 3D printing. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-02-18\/-no-cash-signs-everywhere-has-sweden-worried-it-s-gone-too-far\">According to Bloomberg<\/a>, the lawmaker is optimistic of getting the legislation done by this year.<\/p>\n<p>The People\u2019s Party is also planning to invite block chain experts to testify in parliament. Furthermore, Spain is also interested in studying countries such as Switzerland, which are leading the world in crypto currency adoption.<\/p>\n<p>Spain is also actively considering a proposal to relax reporting <a href=\"https:\/\/www.legitgambling.com\/cryptocurrency\">crypto currency investments<\/a> below a certain threshold level. However, ICO investors will come under protection through the regulatory framework being created. Garcia Egea explained that decisions will be taken to establish Europe\u2019s safest framework to invest in ICOs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taking a leaf from Switzerland\u2019s crypto friendly policy, the Spanish government is preparing a legislation that will offer tax breaks to block chain technology based companies. The prime minister Mariano Rajoy is willing to extend his full support to the companies involved in block chain technology based business. Teodoro Garcia Egea, the lawmaker preparing the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-4862","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spain Drafts Block Chain Technology Friendly Legislation<\/title>\n<meta name=\"description\" content=\"Taking a leaf from Switzerland\u2019s crypto friendly policy, the Spanish government is preparing a legislation that will offer tax breaks to block chain technology based companies. The prime minister Mariano Rajoy is willing to extend his full support to the companies involved in block chain technology based business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/spain-drafts-block-chain-technology-friendly-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spain Drafts Block Chain Technology Friendly Legislation\" \/>\n<meta property=\"og:description\" content=\"Taking a leaf from Switzerland\u2019s crypto friendly policy, the Spanish government is preparing a legislation that will offer tax breaks to block chain technology based companies. The prime minister Mariano Rajoy is willing to extend his full support to the companies involved in block chain technology based business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/spain-drafts-block-chain-technology-friendly-legislation\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-19T06:55:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-02-19T11:56:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/spain.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Spain Drafts Block Chain Technology Friendly Legislation\",\"datePublished\":\"2018-02-19T06:55:32+00:00\",\"dateModified\":\"2018-02-19T11:56:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/\"},\"wordCount\":197,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/spain.jpg\",\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/\",\"name\":\"Spain Drafts Block Chain Technology Friendly Legislation\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/spain-drafts-block-chain-technology-friendly-legislation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/spain.jpg\",\"datePublished\":\"2018-02-19T06:55:32+00:00\",\"dateModified\":\"2018-02-19T11:56:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Taking a leaf from Switzerland\u2019s crypto friendly policy, the Spanish government is preparing a legislation that will offer tax breaks to block chain technology based companies. 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