New Association in Croatia looks to lay the foundations of self-regulation of industry, and in Slovenia, entrepreneurs and government officials pledged to work together to «educate the public» about the benefits of blockchain technology. In addition, the Spanish legislators in favor of the adoption of the law and the new tax system, which will make the country attractive for blockchain-related startups.
The company and enthusiasts in Croatia have joined forces to help authorities to make informed decisions regarding the operation of the cryptocurrency sector. The new organization will be to bring suggestions and important questions to the attention of legislators in Zagreb, reports Bitfalls. Association of blockchain and cryptocurrency will give the regulators the tips in different directions: the buying and selling of cryptocurrencies, cryptopleurum payments and wages in bitcoin.
A new Association called UBIK (Udruga za Blockchain i Kriptovalute) intends to create a «strong community of people associated with the technology of the blockchain and cryptocurrency in Croatia», as well as in other regions. Providing the necessary information and knowledge about cryptoamnesia is one of its main priorities. Croatian cryptoccocal plans to assist the authorities of the legal, financial and technological support in development of regulatory framework and implementation of strategic blockchain projects.
The Croatian authorities have not yet established clear regulations for cryptocurrency and blockchain. In 2017, the Central Bank of the country said that cryptocurrencies are not recognized neither legal tender nor e-money in accordance with the current legislation of Croatia. The authorities asked the EU to take a decision regarding the status of the cryptocurrency.
In Slovenia, government officials and the blockchain-the company promised to work together to «educate the public about the benefits and capabilities of innovative technology».
A meeting was held, which helped to organise an open dialogue between the authorities and entrepreneurs needed to clarify and solve the problems of the industry. Prime Minister of Slovenia, Miroslav Cerar (Miro Cerar) also participated in the meeting organized by blockchain startup Viberate. Company participants announced the creation of the Blockchain CE Alliance, which will focus on promoting and improving the reputation of the sector.
The present government in Ljubljana has a positive attitude towards the cryptocurrency industry. Speaking at the conference Digital Malaysia 2020 last year, Prime Minister Cerar acknowledged the progress made by local businesses, and stated that his country could become a leader in the development of the blockchain in the European Union. Slovenia is also among the countries that do not tax individuals tax on capital gains from bitcoin and other cryptocurrencies.
Spanish politicians insist on adoption of law which would help make Spain an attractive place to work blockchain-companies. This proposal is the people’s party, which includes the Prime Minister of Spain Mariano Rajoy (Mariano Rajoy).
According to Bloomberg, the author of zakonoproekta Teodoro garcía EGEA (Teodoro Garcia Egea), suggested that the country would be very useful to create a favourable environment that could attract the blockchain of the company, because the technology itself is an important business factor in the area of Finance, health and education.
In addition, the popular party wants to formulate specific provisions that will encourage companies and entrepreneurs to use the blockchain during the primary placements of tokens (ICO). The party is also actively promoting the idea of inviting blockchain developers of speech in Parliament.
«We want to create the most secure platform in Europe for investment in the ICO,» said Teodoro garcía EGEA.
In addition to creating flexible regulation to attract blockchain startups, the regulator of securities market of Spain is working on drafting recommendations aimed at the protection of cryptocurrency investors in the country.