Maria Muñoz, the Spanish representative from the country’s Congress, wants to position her country as a credible alternative for miners facing a dire situation in Kazakhstan as their internet service is suspended, affecting their operations ability. Muñoz sent a letter to Congress asking what action Spain might take to lure fleeing miners and the impact of the incident on the Spanish mining industry.

Spanish deputy Maria Muñoz asks about consequences of situation in Kazakhstan

Spanish MP Maria Muñoz has instructed letter The agency asked what the government might do to take advantage of the situation and absorb the business of fleeing bitcoin miners KazakhstanThe country, which faced civil unrest and protests after a rise in fuel prices, also suspended internet access, affecting bitcoin miners settled in the country. This caused the Bitcoin hash rate to drop, with some reports claiming a 12% drop following these events.

Muñoz used this situation as a backdrop to ask the Spanish government for information on these developments and how they affect the cryptocurrency mining operations currently taking place in Spain. In addition, in the same letter, she asked about the development of the industry in the country and the energy used by Spanish lands for this purpose.

Crypto Veteran

A crypto career is nothing new for Muñoz, who has been interested in the industry and its possible regulation in Spain since before the situation in Kazakhstan.The representative, part of the liberal wing of the Ciudadanos party, was included in a law proposal Last October, a national strategy was devised for the cryptocurrency industry, allowing them to establish a clear framework to attract investors and protect citizens from cryptocurrency fraud.

As convened by local media, the proposal exposed that despite the significant growth of cryptocurrencies in Spain last year, there is no specific agency to regulate the industry, so citizens may have false expectations on the matter. In response, the party called for an awareness campaign to educate citizens about what cryptocurrencies really mean, and to coordinate efforts to create a coherent cryptocurrency regulation with cryptocurrency companies in the EU and Europe.

What do you think of the letter from the Spanish deputy asking about the situation in Kazakhstan? Let us know in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the crypto space when prices rose in December 2017. With a background in computer engineering, living in Venezuela, and being affected by the cryptocurrency craze on a social level, he offers a different perspective on the success of cryptocurrencies and how it can help the unbanked and underserved.

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