On October 1st, Catalan nationalists plan to hold a referendum on leaving Spain, and to declare independence if they win. However, a recent article from BBC indicates that the “Gobierno de España” will seize Catalan finances in the next 48 hours if the ‘illegal’ referendum vote is not brought to a halt immediately. This situation has brought Bitcoin into the spotlight as a potential solution to the conflict. In this brief article, CoinTelegraph will attempt to analyze how Bitcoin could free Catalonia from Spain’s mandate.
Cristóbal Montoro, Spain’s finance minister, said that a mechanism had been approved for the state to take control of Catalonia’s finances. The Spanish intend to take this step to prevent any public money being spent on the independence referendum.
The ministers also delivered an ultimatum for Mr Puigdemont - sign an agreement within 48hours that public funds will not be redirected for the referendum. If the deadline is not met, then the Spanish government will seize control of the part of the Catalonian budget destined for public services and salaries.
Full story at http://bit.ly/2wzod4l
Source: CoinTelegraph
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