New Spanish Bill Aims To Foster Digital Transformation But With The Wrong Tools

A new draft bill introduced in Spain by the People’s Party (PP) aims to foster digital transformation by outlining possible innovations, how they should work, who is entitled to develop them, and the entities that should oversee and regulate such developments and activities.

The bill, however, is effectively bitcoin-blind and focuses instead on blockchain and cryptocurrency – a misunderstanding of Satoshi Nakamoto’s real innovation that could hold back both the country and its people from genuine long-term flourishing.

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