spain crypto regulation – DIGIT INFO

Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

DIGIT — Tue, 04 May 2021 23:30:04 +0000

The Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML). Rule Aligns With the European AMLD5 Policies According to the decree published in the state official newsletter, Spanish […]

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Spain Is ‘Close’ to Regulating Crypto-Related Ads in the Streets, Says CNMV President

DIGIT — Thu, 01 Apr 2021 04:30:51 +0000

Spanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV) is rushing to approve a regulation on such ads that promote bitcoin in Spain. Proposal Comes in the Wake of a Bitcoin Advertising Campaign Ran by a Local Exchange During a […]

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Spanish Ministry of Economy Proposes to Create a Financial Customer Ombudsman for Crypto-Related Matters

DIGIT — Sat, 13 Mar 2021 00:30:29 +0000

Crypto regulation in Spain remains on the political talks amid the current bull-run seen in the bitcoin prices. Now, the country’s Ministry of the Economy is about to create a new Financial Customer Ombudsman for crypto-related matters. Independent Financial Customer Body Will Abide by the MiCA Ruling Per La Información, Minister Nadia Calviño seeks to […]

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Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

DIGIT — Wed, 17 Feb 2021 04:00:49 +0000

The government of Spain continues to harden its stance against widely adopting cryptocurrencies. The Spanish Secretary of State for the Economy recently expressed her concerns on risks that she thinks cryptos possess for the national economy. Secretary Doesn’t Like Bitcoin as It Cannot Be ‘Supervised or Sanctioned’ During the Online Fintech Summit 2021, Ana de […]

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El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC Buy

DIGIT — Sun, 14 Feb 2021 11:30:17 +0000

The Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset. The entities issued a joint statement warning about the high risks the cryptocurrency market poses. Document: Crypto Adoption as a Payment Means ‘Is Still Limited’ Per the paper, the Bank of Spain and the National Securities […]

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Spain Approves Bill Requiring Cryptocurrency Owners to Disclose Crypto Holdings and Gains

DIGIT — Tue, 13 Oct 2020 23:30:07 +0000

Spain’s government has reportedly approved a bill that requires cryptocurrency owners to disclose their crypto holdings and any gains on their assets. Spain’s Finance Minister and the government’s spokesperson, Maria Jesus Montero, said at a press conference following the weekly cabinet meeting that this bill is part of broader legislation to crack down on tax […]

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