Spanish Lawmaker Proposes Turning Spain Into Bitcoin Mining Hub

Spanish Lawmaker Proposes Turning Spain Into Bitcoin Mining Hub

Maria Munoz, a member of the Congress of Deputies from the center-right Citizens party, has proposed making Spain a safe destination for investing in cryptocurrencies amid protests in Kazakhstan that have adversely affected the Bitcoin mining industry.She points to the fact that that the global hash rate plummeted 14% within just two days due to the turmoil in the second-biggest mining hub.The economist also attributes the recent Bitcoin price drop to the turmoil in Kazakhstan. Earlier today, the flagship cryptocurrency dropped to as low as $40,600 on the Bitstamp exchange.

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