Bitcoin Just Spiked Back Above $6000 As Catalan Considers Blockchain-Backed e-Residency Program
Content adapted from this Zerohedge.com article : Source
It's 9am in San Francisco (and 5pm in Barcelona), so it's time to panic-buy some crypto-currency...
Bitcoin just surged over $200, back over $6000.
And Ethereum is back above $300...
For now the catalyst is unclear. However, amid increasing tensions folowing Spain's impositin of Article 155, as CryptoCoinsNews.com reports, Catalonia, which is fighting for independence from Spain, is considering an e-residency program similar to the one in Estonia. Catalonia is also considering adopting its own digital token or cryptocurrency.
The Government of Catalonia, the Generalitat de Catalunya, has sent representatives to Estonia to learn about the e-residency program, which offers a government-issued digital identity card that provides a way to operate a location-independent business online.
Dani Marco, the director of SmartCatalonia, an official Catalan agency, said the Estonians built a model of economic development from scratch. Marco appears to be heading Catalonia's e-residency initiative.
Catalonia continues to move forward with plans to create an economy separate from Spain, according to El Pais, Spain's leading newspaper. Estonia's e-residency program serves as Catalonia's model and could emulate an Estonian proposal to issue national blockchain based tokens.
E-Residency Benefits
El Pais reported that Catalonia is interested in Estonia's e-residency program since the program has no borders. The e-residency program has attracted more than 20,000 entrepreneurs from 143 countries since 2014, including 336 from Spain.
El Pais further reported that Catalonia has the largest number of entrepreneurs and those working with virtual currencies in Spain.
Vitalik Buterin Weighs In
Blockchain experts in Catalonia have sought help from Vitalik Buterin, Ethereum's founder, according to El Pais. Vitalik advised the Catalonians to create an ICO to offer a currency that would work in tandem with the financing of a business project for the virtual residence program. The e-residency ecosystem could create an economic community independent of a central bank.
Estonia recently proposed "Estcoin," a national cryptocurrency. If the country follows through on this plan, it would be the first national government to launch an ICO.
Kaspar Korjus, managing director for Estonia's e-residency program, posted a Medium blog in August claiming Estonia could offer Estcoins to residents. The coins could be managed by the Republic of Estonia, but accessed by anyone through the e-residency program. The program would launch an ICO to offer the coins.
Korjus also said the ability to start a location independent company is the main factor driving the growth of the e-residency program.
image courtesy of CoinTelegraph
As CoinTelegraph reports, while the Blockchain residency program would be the first of its kind in Europe, perhaps the bigger news is that an independent Catalan government would likely not have a central bank, choosing a national cryptocurrency instead. With Russian and Kazakhstan already suggesting national cryptocurrencies, the move would not come as a huge surprise.
Thanks
I thought only the "China opens exchanges again" support this pump but seems like it ia only a part of the picture. This would be interesting as Spain is trying so hard shutting down Catalonian new gov.
Let's see how this will turn out.
Thanks for the post!
It didn't stay long but we'll see it again soon
Nice
Bitcoin Kurs 6139
News from China, they may not ban BTC. If that gets confirmed, BTC will blow up
Hello
Hallo
I am spanish and I do not think they will use cryptocurrencies for two reasons:
1- 52% of the catalonians want to be part of Spain so they would not use the cryptocurrency making it impossible to include in their economy.
2- The ones who used to govern on Cataluña do not even know what cryptocurrencies are, they have very low cultural knowledge.
Spain has already applied the article 155 of the Constitution so the ones who wanted the independence have no longer control. There will be elections the 25th of December.
That's a good point .. the lovely people of Spain deserve better .. but I do think that cryptos and blockchain cannot be stopped ( it can be controlled , to a degree , by outlawing it ) but its creators are leagues ahead .. the biggest threat to cryptos is the covert agencies . Corrupt Govts .. and the users ( scammers are fraudsters )
@ned needs to get them to use SMTs to create a token.
I stated since I joined here, the nation-state concept is dead...at least based upon geographic borders. We are rapidly entering into a digital world. Physical presence means less and less with each passing year. Government is going to follow in a long line of "industries" which are upended by the shift to digital. People are going to have more options to join "countries" they prefer.
Good for Catalan....
The next 10 years are really going to see radical changes...some that people cannot envision today in the slightest today.
Blockchain is going to radically chance many facets of the world in 2018.
These are good news, nice to hear!
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