Saturday, October 28, 2017

Catalonia Independence goes beyond political as government considers forging a sovereign cryptocurrency

The Catalonian movement for Independence went past the point of no return on Oct. 27 when the government officially declared the providence separated from the whole of Spain.  Yet in light of their political rebellion against the Madrid government, Spanish leadership still has a vast stranglehold on Catalonia's economic system through their use of the Euro currency.

And with this in mind, Catalonia is considering their next moves that could very well include the creation of a sovereign cryptocurrency to help solidify their independence.

The small but economically vital Catalonia region of Spain has declared its independence, but Madrid vows to keep the region a part of Spain. While governments and thought leaders around the world line up behind opposing sides, the would-be independent government is looking to use a national cryptocurrency and a Blockchain-based residency system. 
According to a local newspaper in Spain, the Catalonian director of the digital office (called SmartCatalonia) has already visited Estonia on a number of occasions in order to understand their digital residency plans. Estonia famously made news when their plan for a national currency was harshly shot down by the European Central Bank President. – Coin Telegraph

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