The recent MiCA law in the eurozone allows companies dedicated to cryptographic activity to operate with clear rules of the game. Some community specialists have expressed their satisfaction with the standard, while many others have also shown that they do not fully agree with the regulation in these terms.
Given this situation, and in a conversation with Cointelegraph en Español, Fernando Molina, co-founder of BlockWorldTour and Territorio Blockchain, shared his perspective on the situation of cryptocurrencies in Spain and how blockchain technology has evolved, among other things.
Blockchain technology has evolved dramatically in recent years. Fernando Molina points out that, thanks to its ability to offer transparency and security in transactions, Blockchain technology has become a fundamental tool for various sectors, beyond cryptocurrencies. Sectors such as logistics, health and supply chain management have found an innovative solution in blockchain technology.
Ray Jiménez: What can we expect from the cryptocurrency sector in Spain?
Fernando Molina: I think that lately, Spanish projects are getting their act together, and thanks to more reliable steps taken by European regulations such as MICA or Pilot, and the accessibility of the Bank of Spain and the National Securities Market Commission to have clearer things, it is at least clarifying the situation at present.
RJ: Do you think this could also be better for users or small investors?
FM: Undoubtedly, the issue of taxes scaring people does not help, but being clear about what can or cannot be done is essential for the development of a sector as important as it is and will undoubtedly be, that of cryptocurrencies and blockchain technology
RJ: Do you think that blockchain can continue to evolve or have we already seen what this type of technology can offer?
FM: We are at the beginning of a great technology, we have not yet seen a small part of the potential that blockchain will bring to our lives. On the subject of security and digital identity, although there is also the dark part of a possible misuse of Blockchain through CBDCs (Central Bank Digital Currency) and state control of citizen privacy. We hope we don’t get to see a1984” strengthened by the use of blockchain.
RJ: Do you think the traditional banking system is at its worst, or will you upgrade to new technologies to continue to oppose the crypto ecosystem?
FM: He was at his worst, without a doubt, when he was trying to fight face to face against a technological tsunami, such as bitcoin and blockchain. Now it has been decided, at least by the most powerful and adaptable banks, that they must ride the wave and join this evolution of the financial industry. The arrival in the coming months of the wave of tokenization of digital assets, with banks as possible custodians or intermediaries, will greatly change the world of finance globally..
BlockWorldTour Project and Blockchain Territory
RJ: What is Blockworld? Where does the idea come from?
FM: BlockWorldTour was born in 2017, during the first hackathon on the Costa del Sol in Marbella, where the seed was laid for the first massive event that took place in Spain, in the city of Motril, at the beginning of 2018.
I saw that an event was needed to publicize this technology and unite the industry around something common, such as the Spanish language. The differential idea was to bring as many projects, experts and enthusiasts, and that the information, which in those years was mostly in English, would have an impact on the majority of people who neither speak nor understand that language.
In addition, being in Spanish territory, it is logical that the event and the other 10 that we have already organized, followed this path of giving priority to Spanish over English, without being at any time exclusive with respect to other languages either.
RJ: What are your plans for the BlockWorldTour?
FM: The idea is to hold a first major financial event in Spanish in the city of Madrid, bring the large multinational companies in the sector and have them explain, in Spanish, as far as possible, what path they are following. We will do it in November in Madrid, without a doubt.
And of course, Our plan for 2024 is to make the leap to Latin America, holding an event on blockchain technologyusing our know-how and our special way of organizing our events and focused on helping people to better understand this technology and its possibilities.
RJ: Where did the idea of creating Blockchain Territory come from?
FM: During the pandemic, by not being able to hold meetups, meetings or group chats, I saw that, once again, the blockchain industry was limping, because it could not find a speaker to create that necessary community to grow.
RJ: What is Blockchain Territory?
FM: Blockchain territory, it is really a community, private and only for professionals that was created on Telegram and that ended up becoming a means of communication and a place of connection between professionals. In blockchain territory, companies and projects can publish their press releases and of course, as verified users, network through Telegram and now, without a pandemic, be able to have physical meetings at other events.
Although we do the BlockWorld Tour, we are partners and support numerous events both in Spain and abroad, and we help the Hispanic industry to be able to participate in these events, such as Crypto Week, AIBC Sigma, Paris Blockchain Week or Crypto Expo in Dubai. or Singapore.
RJ: What are the plans you have for Blockchain Territory?
FM: Let’s say that it is an open community, but necessarily private due to the focus on only verified professionals, and the need to avoid bad actors in the industry and to be able to make a natural selection of them.
It sounds a bit ugly to say it like that, but with so many fake accounts, identity theft and so on, it’s the safest way, for now, to be in a community, knowing who’s who within it. Everything can always be improved.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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