Spain’s main opposition party, Partido Popular (“People’s Party”, PP), is set to introduce a draft proposal on cryptocurrency and blockchain regulations. PP secretary Teodoro Garcia Egea announced the decision during the opening ceremony of ISDE Blockchain and Law research center in Madrid on December 10, reported Spanish newspaper La Vanguardia.

According to the publication, García Egea claimed regulations in the space were necessary to “provide security to the investors” and ensure “new cryptocurrencies can be introduced by anyone who wants to”.

The secretary went on to list the advantages cryptocurrencies have over traditional money, and compared their effect on the financial market to …

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