Spanish Congresswoman María Muñoz addressed an open letter to the government, asking to invite miners from Kazakhstan to the country.
Maria Muñoz of the liberal party Ciudadanos (Citizens), known for her crypto-enthusiasm,
writesthat Kazakh miners are forced to suspend the mining of cryptocurrencies, primarily bitcoin, due to the deteriorating political situation, interruptions in electricity and the Internet. Against the backdrop of unrest in the country, miners are forced to look for new places for data centers.
The congressman asks the Spanish authorities to consider how the move of the owners of Kazakhstani farms could affect the mining industry in Spain. The parliamentarian is interested in the government’s assessment of the state of affairs in the Spanish mining industry and energy costs for mining cryptocurrencies.
“We offer Spain to position itself as a safe place to invest in cryptocurrencies,” the MP writes on Twitter.
Maria Muñoz is actively involved in the development of the Spanish crypto industry. In October 2021, the MP came up with a proposal to develop a national strategy for the development of cryptocurrencies. The regulation should establish a clear framework for attracting investors and protecting citizens from fraud. The MP believes that, despite the high level of adoption of cryptocurrencies in Spain, none of the regulators is assigned to oversee the industry. As a result, citizens may have false expectations about the safety of investing in cryptocurrencies.
The Ciudadanos party has asked the authorities to organize a campaign to educate citizens about cryptocurrencies and coordinate market regulation efforts with the European Union and cryptocurrency companies on the continent.
Amid the unrest in Kazakhstan, the hashrate of the Bitcoin network fell by 12%, and the capitalization of the cryptocurrency market fell below $ 2 trillion. Already in November 2021, information appeared that mining companies were leaving Kazakhstan due to a lack of electricity. This happened after the authorities of Kazakhstan introduced restrictions on the power supply of data centers. At the same time, the Ministry of Energy of Kazakhstan announced earlier that it would not limit the energy consumption of registered miners.
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