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Bermudez stated that at present, the real estate industry in Spain or even any other part of the world is not ready to accommodate Bitcoin BTC. There are no particular rules, regulations, policies, or procedures that have been put in place by the governments or regulators when it comes to Bitcoin BTC. This particular property was the first-ever national property that was put on sale in Bitcoin BTC. Bermudez also added that with time, the demand for payments in Bitcoin BTC is going to rise.
And the banks would only do it when the Central Bank of Spain starts transacting Bitcoin BTC through its platform and approves other banks to do the same. Although cryptocurrencies are not illegal in Spain, the regulatory infrastructure around the industry in Spain is still not that strong.
Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Bitcoin, a digital currency, has received a flood of media attention due to its meteoric rise in value. What is Bitcoin?
Bitcoin involves some form of incomprehensible computer coding, cryptography and mathematics. Can you buy a house with Bitcoin? Buying property with Bitcoin is already a reality. Cons of using Bitcoin in Real Estate But using a crash-prone currency to conduct real estate business seems to be high risk. Closing thoughts on Bitcoin and Real Estate Tellingly, no properties have yet been sold in Bitcoins but never say never.
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