Spanish lawmakers get cryptocurrency in a bid to promote industry

All 350 members of Spain's lower house got 1 euro equivalent in cryptocurrency, and it's not a donation.

Listen to article Members of Spain's lower house of Congress saw a surprise in their inboxes, the equivalent of 1 euro in crypto.

The project aims to promote the use of cryptocurrencies in the country.

All 350 members of Spain's lower house, or the Congress of Deputies, received the equivalent of 1 euro in cryptocurrency in their emails.

"We have explained to your honorable members that we are in a time of profound change in the use of money, in addition to highlighting the important role that cryptocurrencies have today."

Caballero said the cryptocurrency "Is not a donation" and acknowledged that some congress members might be more familiar with crypto.

For those who no experience with cryptocurrencies yet, Caballero said, this is an opportunity to learn more.

Spain is not the first country to send cryptocurrencies to lawmakers.

The political action committee of the Chamber of Digital Commerce sent $50 worth of Bitcoin to all 541 members of Congress in early October, reported Decrypt.

Spanish banks have been more interested in cryptocurrencies and blockchain in the past few years.