Partido Popular (PP), the leading opposition party in Spain, has introduced a bill that would allow for the payment of mortgages with cryptocurrencies and create a national crypto assets council to analyze the implications of the use of crypto and blockchain in that country.
According to the text of the “Digital Transformation Law,” homeowners would be able to use cryptocurrencies to pay their mortgages, while the real estate sector would be able to use crypto to invest in mortgage pools. Banks, on the other hand, would be able to use blockchain as a system to manage mortgages and insurance, and streamline the payment of indemnities with digital currencies.
According to the PP, the bill seeks to ensure that transactions with cryptocurrencies “are carried out in a framework
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