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Monday, October 30, 2017

Crypto News: Catalonia Considering Cryptocurrency Post-Independence, Advised By Ethereum Creator

Catalonia Considering Cryptocurrency Post-Independence, Advised By Ethereum Creator

The small but economically vital Catalonia region of Spain has declared its independence, but Madrid vows to keep the region a part of Spain. While governments and thought leaders around the world line up behind opposing sides, the would-be independent government is looking to use a national cryptocurrency and a Blockchain-based residency system.

According to a local newspaper in Spain, the Catalonian director of the digital office (called SmartCatalonia) has already visited Estonia on a number of occasions in order to understand their digital residency plans. Estonia famously made news when their plan for a national currency was harshly shot down by the European Central Bank President.

While the Blockchain residency program would be the first of its kind in Europe, perhaps the bigger news is that an independent Catalan government would likely not have a central bank, choosing a national cryptocurrency instead. With Russian and Kazakhstan already suggesting national cryptocurrencies, the move would not come as a huge surprise.


Full story at http://bit.ly/2gNvjwU


Source: CoinTelegraph


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