The Spanish ruling party known as Partido Popular (PP), has proposed to use blockchain technology in the public administration. The main intention behind this proposal is to improve transparency in the political and public arena and make processes more efficient.
Spain Embraces Blockchain Technology
Spain may be ready to use blockchain technology in all its public administration if a bill presented by 133 deputies is approved. The information has been first released by a local news source on June the 30th.
The bill was introduced to the Spanish Congress on June the 22nd, but it has not been yet evaluated by all the deputies yet. The Economic and Enterprise Commission will be in charge of debating this bill before being treated in the congress. 
This is not the first time that Spain is debating blockchain-related bills or about cryptocurrencies. In the past, the same political party, wanted to attract blockchain and crypto related companies.
As reported by Bloomberg, the former Prime Minister Mariano Rajoy, was preparing possible tax breaks for companies to settle their operations in the country. Later in March, Ciudadanos party offered to establish clear rules to companies and enterprises working with virtual currencies.
Furthermore, the PSOE party, has also presented a motion to study blockchain regulations in different countries to understand better how the environment works.
In this way, the most important political parties in Spain, PP, PSOE and Ciudadanos have in mind the technology and how it can change the life of millions of individuals. By applying it on the administration it will be easier to control processes, avoid fraud and increase efficiency.
Another important agency in Spain, The National Securities Market Commission (CNMV), proposed several times regulations at the national, regional and international levels. According to it, it is important to have regulations at least in Europe on cryptocurrencies, which have been expanding all over the world. Investors need to have a clear landscape on how to deal with virtual currencies and the government must have rules on how to consider digital assets in the economy.
