EurocoinPay asks for the regulation of cryptocurrencies to the new Minister of Economic Affairs of Spain
Eurocoinpay asks Nadia Calviño, third Vice President of the Government and Minister of Economic Affairs and Digital Transformation, for the new government to work on the regulation of digitalization and crypto assets such as cryptocurrencies. Current legal insecurity is hampering the potential of the Blockchain, whose technology could create 20% of quality jobs in the world in the coming years.
The Spanish Fintech Eurocoinpay, whose App allows you to make payments and collections with the cryptocurrency you choose and send it to any part of the world in a maximum of 7 seconds, claims the need to create legislation that regulates the cryptocurrency sector to be in legal equality with other sectors
The company’s experience shows that when it comes to obtaining financing from banks and investors, being in an unregulated sector does not help to convey confidence in this new economy, which undermines the growth and internationalization of projects.
Herminio Fernández de Blas is the CEO and founder of Eurocoinpay, a platform that was born in León in 2017 with the vocation of meddling in the revolutionary world of Blockchain. The expert says: “We are not working on something illegal, if it is true that by not being regulated, our sector is in a legal vacuum that puts us in a legal situation, not illegal.”
Cryptocurrencies are increasingly accepted, as they do not cease to offer opportunities for day-to-day use. This has caused numerous countries to regulate the activity of these digital assets. Countries such as Switzerland, Malta, Estonia, France, Germany and Japan, among others, have been pioneers in establishing regulations that legalize this practice.
Spain and the rest of the Member States from EU, must pass this year the fifth Directive on the prevention of money laundering and the financing of terrorism, which will force them to regulate the activity related to crypto assets in terms of money laundering. Spain could take the same position as Germany, which allows its banks to guard and sell these assets.
“We need legal securityand, we will only have that with legislation that regulates the crypto world. It is true that all innovations come almost always before the regulations, but it is time to act” says Herminio Fernández de Blas.
About Eurocoinpay.io
Eurocoinpay is a Spanish company that has an online platform and mobile application (IOS and Android) through which payments and immediate transactions can be made with any cryptocurrency, with fewer commissions and in just a few seconds. The Fintech whose technology is based on Blockchain + IOTA tries to unite the world of cryptocurrencies with current money (FIAT money) and currently has, in addition, two own cryptocurrencies in which it can be invested from the platform itself.
Another of the services offered is the exchange of cryptocurrencies for gif cards for Zara, El Corte Inglés, Repsol, Carrefour, etc. managing to eliminate intermediaries, expensive commissions and waiting times.
Source: Eurocoinpay Blog
