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Spain Considers Legislative Incentives for Blockchain Companies and ICOs

  • The People’s Party in Spain proposed to legislate crypto that provides incentives for fundraising with ICO, tax breaks for companies specialized in data processing

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Spain is looking to attract companies that use Blockchain technologies and cryptocurrency by providing tax exemptions. The People’s Party is behind the proposed legislation that provides incentives for fundraising through ICOs, tax breaks for companies with specialization in data processing, and a threshold below which cryptocurrency investments don’t need to be reported for investors.

About the author

Katya Michaels is a writer and editor living in California. She is passionate about excellent writing and dedicated journalism, but ambivalent about the Oxford comma. When not crusading for the rescue of long-form content, she watches sunsets, scuba dives, plays Chopin Nocturnes and teaches her daughter to express herself without the use of emoticons.

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