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Spain slaps DeFi investor with $10.5M back tax for loan: Report

August 19, 2025 by DIGIT
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Spain slaps DeFi investor with $10.5M back tax for loan: Report

A DeFi investor was hit with a $10.5 million tax bill after the Spanish tax agency classified a crypto-backed loan as taxable gains.

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  • bitcoinBitcoin(BTC)$88,197.00-0.99%
  • ethereumEthereum(ETH)$2,951.98-1.66%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$898.67-0.19%
  • rippleXRP(XRP)$1.88-1.50%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$123.39-2.68%
  • staked-etherLido Staked Ether(STETH)$2,951.24-1.68%
  • tronTRON(TRX)$0.2945580.55%
  • dogecoinDogecoin(DOGE)$0.121805-2.54%