Spain to Attract Blockchain Companies

Prime Minister Mariano Rajoy’s People’s Party is drafting legislation including possible tax breaks
16 February 2018   255

The tax breaks will possibly attract companies and individual cryptocurrency investors using blockchain technology. Spain is interested in attracting those companies and investors because the technology is a driver for business in industries.

According to Teodoro Garcia Egea, the lawmaker who is preparing the bill, this legislation is also considering regulations to make it attractive for firms to use a blockchain to carry out or ICOs as a financing tool. He stated that the level of the digitalization for companies will be key. Garcia Egea hopes that the legislation will be ready this year.

The People’s Party is promoting a motion to call in experts in blockchain to testify in parliament as well as analyze plans in other countries that are at a more advanced stage.

Garcia Egea stated that the bill may include tax rebates for small companies.  

The bill may include a threshold below which a cryptocurrency investment wouldn’t need to be reported to the regulator. We want to set up Europe’s safest framework to invest in ICOs.

Teodoro Garcia Egea

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   39

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171