Spain to Attract Blockchain Companies

Prime Minister Mariano Rajoy’s People’s Party is drafting legislation including possible tax breaks
16 February 2018   437

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

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.