According to 20 Minutos, a Spanish newspaper group, lawmakers in the country are considering a proposal enabling mortgage payments with crypto.
The Digital Transformation Law would also include a raft of other measures to legitimize crypto, blockchain, and artificial intelligence technologies. Including tax incentives for firms operating within these sectors.
Spain looks to crypto for finance reform
The ruling People’s Party (PP) in Spain seeks to promote the use of crypto and other transformative technologies.
Under the proposal, the PP intends to modernize banking infrastructure and encourage companies to adopt transformative technologies in their day-to-day operations.
In terms of mortgage reform, not only do lawmakers wish to enable mortgage payments in crypto, but the proposal extends to include an overhaul of the entire mortgage system.
It puts forward the case that banks should use blockchain to administer the mortgage system. It also suggests utilizing smart contracts for ins
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