最有看点的互联网金融门户

最有看点的互联网金融门户
全新的互联网金融模式国际资讯监管与政策

西班牙:政局动荡,加密货币监管政策的落实或许要凉?

全新的互联网金融模式国际资讯监管与政策

西班牙:政局动荡,加密货币监管政策的落实或许要凉?

5月30日,西班牙国会对一项立法草案表示了一致支持,该法案将利于区块链技术和加密货币的监管。尽管这一举动代表着地方政客们对加密货币的倾向,但现下改革可能遇到了一些麻烦,包括欧盟的合规法律,以及最近西班牙首相Mariano Rajoy遭弹劾下台。

目前,西班牙没有针对加密货币的监管框架。因此,比特币在西班牙也不被视为合法货币。根据国会图书馆的说法,它可能被视为一种“数字商品”,因此可以遵循西班牙民法典中的物物交换规则。

由于缺乏监管框架,草案要求对比特币和其他加密货币以及区块链的监管进行审查,并提议通过“受控测试环境”将这项技术引入西班牙市场,我们通常称之为“监管沙盒”。

据称,沙盒将有助于培育金融科技创业公司,这是上周三西班牙国会讨论的主要领域之一。

Foro Fintech是保障金融领域创新公司需求的当地组织,该组织负责人Marta Plana表示:

公司不能花上好几年的时间等法律来调节公司活动,但同时,必须确保这种创新活动不会受到制裁,即使当下对于创新活动到底会发展成什么状态还是未知的。

英国在以科技为导向的测试领域中取得了成功,而西班牙似乎从这一尝试中获得了灵感。

今年3月,英国金融行为监管局(FCA)宣布,继2016年成功推出英国沙盒后,再推出全球金融科技监管沙盒。在过去的三年时间里,英国已经批准了大约80个新许可证,同时超过250家公司在技术促进区测试了他们的业务。

最近,白俄罗斯通过创建所谓的高科技园区(HTP)也似乎取得了进展,该园区向入园企业提供了许多好处,以吸引来自世界各地的金融科技专业人士。

西班牙金融科技与保险协会主席罗德里戈·加西阿·德拉·克鲁兹(Rodrigo García de la Cruz)证实,他们这一灵感来自国际惯例。他在《La Vanguardia》的评论中称:

很多国家进行了这种尝试,结果也很好。如果西班牙能够加快这一进程,那么,我们可能会称为金融创新的一大亮点。

听证会的结果是,国会同意将区块链作为一种改进成本效率、非中介化的支付以及转移支付系统。鉴于最近西班牙表现出支持区块链的倾向,这种结果并不令人意外。

一周前,巴塞罗那表示将在该市的科技中心新建一个专门的区块链空间,以促进当地数字生态系统的增长和创新。

今年4月,西班牙毕尔巴银行(BBVA)成为首家使用区块链发放贷款的全球银行。

此外,西班牙央行行长在3月份也对区块链技术的应用表示了支持,但他也表示:这种技术目前尚不成熟。

欧盟监管机构进一步指出,该立法草案提出了“适当机制”的必要性,以确保参与加密货币的各方都将遵守向西班牙财政部披露信息的义务,并适时提交他们的纳税申报表。草案还强调了“高风险”金融资产相关的潜在陷阱,认为“充分披露信息”对于保护投资者是很重要的。

草案建议政府与国家证券市场委员会(CNMV)和西班牙银行合作,在更广泛的欧洲背景下协调关于加密货币的共同监管立场。

然而,尽管欧盟在区块链领域团结一致,但对加密货币的监管态度迄今仍较为谨慎。

在西班牙,有关创新的加密货币法规的新闻已经被现任首相Mariano Rajoy的下台所遮蔽。

6月1日,Rajoy下台,取而代之的是社会党领袖Pedro Sanchez。

正如CNBC所指出的那样,Rajoy的离开可能会引发另一场欧洲南部的政治危机。

这会进一步让金融市场感到不安,因为意大利在全国大选的三个月后,试图组建一个政府,但失败了。

此外,《La Vanguardia》还提到,Pedro Sanchez 发起的投票可能会推迟加密货币领域的改革。

据当地媒体报道,该草案将在6月7日之前公开征求公众意见,而文本最终将在7月7日左右进行审查。然而,既然现在Rajoy已经被否决了,那么如果 Sanchez未能组建政府,可能呼吁进行新的选举。

反过来,对选举的呼吁可能会使这个项目推迟“超过半年”,导致感兴趣的欧洲国家转而采取其他选择。

据《La Vanguardia》报道,“沙盒”项目“已经遭受了重大打击”,其中一名主要的创新者Luis de Guindos已于3月8日离开了。

3月28日,马耳他博彩管理局(MGA)发布了一份文件,为使用分布式账本技术提供了指导,并通过沙盒环境的实施来接受虚拟货币。

尽管该提议针对的是博彩行业,但如果被证明是有效的,该计划可能会进一步扩展到金融科技领域,正如为全球金融科技公司提供咨询服务的Hogan Lovells合伙人Jaime Bofill所说的那样:

据报道,在马耳他,对于法律的审批并不像西班牙这样拖延。因此,他们可以吸引那些原本打算进入西班牙的企业。

On May 30, the Spanish Congress unanimously supported draft legislation that would favorably regulate blockchain technology and cryptocurrencies in the country. While the move marks pro-crypto tendencies among local politicians, there are complications that the reform might stumble upon, namely EU compliance laws and the very recent overthrow of prime minister Mariano Rajoy.

The “sandbox” concept

Currently, there is no regulatory framework for cryptocurrencies in Spain. Bitcoin is thus not considered legal currency in the country. According to the Library of Congress, however, it may be viewed as a “digital good” and can therefore comply with the rules of barter in Spain’s civil code.

Due to the absence of a supervisory framework, the draft calls for a review of regulations pertaining to Bitcoin and altcoins, as well as to blockchain, proposing to introduce the technology to the Spanish market through “controlled testing environments,” commonly referred to as “regulatory sandboxes.”

The sandboxes will allegedly help to foster fintech startups, which was one of the main areas discussed by Congress last Wednesday. “A company cannot wait years for the law to regulate its new activity, but at the same time it has to be sure that it will not be sanctioned for innovating even if its developments are unknown at the moment”, explains Marta Plana, the president of Foro Fintech, a local organisation that defends the needs of innovative companies in the financial sector.

Spain seems to be drawing its inspiration from the UK’s success with fintech-oriented testing grounds. In March, Britain’s Financial Conduct Authority (FCA) announced the launch of a global fintech regulatory sandbox, after the successful 2016 release of a UK sandbox. Over three years, the UK has approved around 80 new licenses, while more than 250 companies have tested their businesses in the fintech-boosting zone. Recently, Belarus has shown similar tendencies by creating the so-called High-Tech Park (HTP), which offers a number of benefits to attract fintech professionals from around the world.

Rodrigo García de la Cruz, president of the Spanish Fintech and Insurtech Association, confirmed that they were inspired by international practices in a comment for La Vanguardia:

"It is an experience that is giving very positive results and that has led many countries to study its implementation. If we hurry up here in Spain, we could become a pole of attraction for financial innovation."

As a result of the hearing, Congress has also agreed to promote blockchain as a cost-efficient and disintermediated system for payments and transfers, which is no surprise given recent pro-blockchain leanings in the country. A week ago, Barcelona revealed it would launch a specialized blockchain space in the city’s tech hub to foster growth and innovation in the local digital ecosystem, while in April, Spanish Banco Bilbao Vizcaya Argentaria (BBVA) became the first global bank to issue a loan using blockchain. Moreover, in March, even the governor of the Bank of Spain came out in favor of the possibilities of blockchain, albeit noting that “the technology is not yet mature”.

EU supervision

Further, the draft legislation raises the need for ‘proportionate mechanisms’ to ensure that all parties involved in crypto will comply with information disclosure obligations to the Spanish Treasury and duly file their tax returns. It also highlights potential pitfalls associated with “high-risk” financial assets, arguing that “adequate dissemination of information” is important to protect investors from bad actors.

To this end, the draft thus proposes that the government cooperate with the National Securities Market Commission (CNMV) and the Bank of Spain to coordinate a common regulatory position regarding crypto in the broader European context.

However, while uniting around blockchain as well, the EU regulatory mood towards cryptocurrencies has so far been more guarded. On May 14, the European Union approved new anti-money laundering (AML) legislation in part targeting anonymity in cryptocurrency market.

Once it comes into effect, players such as crypto exchanges will have to comply with AML guidelines, which will likely include full customer verification, according to the content of the package passed in April. The new rules will reportedly be published in the Official Journal of the EU and the member states will have 18 months to transfer them into their national legislation. It is worth noting that European authorities are specifically targeting anonymity in the use of cryptocurrencies.

Political unrest

News about innovation-aimed crypto regulations in Spain have been outshadowed by the ousting of the current PM Mariano Rajoy. On June 1, Rajoy was set to be voted out of office and replaced by Socialist chief Pedro Sanchez, in a no-confidence motion triggered by an extensive corruption case involving members of his party, the center-right People’s Party.

As CNBC points out, Rajoy's departure could trigger another political crisis in southern Europe, “further unnerving financial markets already wrongfooted by failed attempts to form a government in Italy three months after a national election”.

Moreover, La Vanguardia mentions that the no-confidence vote initiated by Pedro Sanchez can delay the pro-crypto reform. According to the local media, the draft was open to public consultation until June 7, while the final text would be reviewed around July 7. However, now that Rajoy has been voted out, there might be a call for new elections if Sanchez fails to form a government.

A call for elections, in turn, can potentially delay the project “for more than half a year”, causing interested European countries to move for other options, such as the UK version. La Vanguardia argues that the “sandbox” project “has already suffered a major hit” with the departure of one of its main innovators Luis de Guindos, who left on March 8.

Meanwhile, Malta may intercept Spain’s ambitions, as on March 28, the Malta Gaming Authority (MGA) published a consultation document which “provided guidance on the use of Distributed Ledger Technology and on the acceptance of Virtual Currencies through the implementation of a Sandbox Environment”. Although the proposal refers to the gaming industry, if proven effective, the initiative can spread further to the fintech area, as Jaime Bofill, partner at Hogan Lovells, a firm that advises Fintech companies around the world, explained:

"[Reportedly, in Malta] the approval of laws is not delayed as much as in Spain. [Therefore], they could take advantage and get the businesses that are pending to come to Spain".


用微信扫描可以分享至好友和朋友圈

扫描二维码或搜索微信号“iweiyangx”
关注未央网官方微信公众号,获取互联网金融领域前沿资讯。

发表评论

发表评论

您的评论提交后会进行审核,审核通过的留言会展示在下方留言区域,请耐心等待。

评论

您的个人信息不会被公开,请放心填写! 标记为的是必填项

取消

政策尚未落地,但俄加密货币用户已经开始交税了

Lubomir Ta... | 巴比特资讯 2天前

国际清算银行:比特币可扩展性的缺陷或使整个互联网崩溃

张丹丹 2天前

未央今日播报:美联储如期加息25个基点 周小川示警纯炒作性加密货币

未央研究 06-14

苹果宣布禁止在iPhone与iPad上挖矿

Bryan Clar... | THE NEXT W... 06-13

比利时上线加密货币投资防骗教育网站

Nikhilesh ... | 巴比特资讯 06-11

版权所有 © 清华大学五道口金融学院互联网金融实验室 | 京ICP备17044750号-1