With growing efforts to regulate the taxation of virtual assets around the world, Spain has introduced new laws requiring residents holding crypto assets on non-Spanish platforms to declare them by March 31, 2024. The Spanish Tax Administration Agency – Agencia Tributaria – unveiled form 721, a dedicated tax declaration form for virtual assets held abroad....Read More
The leading cryptocurrency exchange – Crypto.com – obtained a Virtual Asset Service Provider (VASP) registration from the central bank of Spain. The financial institution has shown a positive stance toward digital asset companies in the past few years, giving a regulatory nod to Binance’s subsidiary – Moon Tech Spain – last summer. Crypto.com announced the...Read More
Spain’s authorities reportedly busted a criminal organization that orchestrated a massive cryptocurrency scam. The wrongdoers embezzled more than €100 million ($110 million) from over 3,000 people across the globe. The Guardia Civil arrested a suspect in Mallorca considered a gang member. Operation ‘Mandoa’ Turned Successful A local media outlet informed that the Guardia Civil (the...Read More
One of the most successful soccer clubs in Europe – FC Barcelona – inked an agreement with the cryptocurrency platform WhiteBIT. Тhe trading venue will serve as the Official Cryptocurrency Exchange partner of the team until June 2025. Barca’s Next Crypto Step In an official announcement on its website, the soccer giant claimed that the...Read More
The Canadian rapper, singer, and actor Aubrey Drake Graham (better known as Drake) bet a little over $600,000 worth of bitcoin on the English soccer team Arsenal to beat Leeds United and on FC Barcelona to win “El Clasico” against Real Madrid. Unfortunately for him, the club from the Spanish capital defeated its biggest rival...Read More
One of the largest telephone operators and mobile network providers in Spain – Telefonica – partnered with the crypto exchange Bit2Me to allow clients to pay for services in digital assets. Cryptocurrency adoption seems to be on a high level in the Iberian country. A few months ago, the leading airline company – Vueling –...Read More
The top tier of Spanish soccer – Primera Division, commonly referred to as La Liga – reportedly joined forces with the digital art platform – StadioPlus – to enter the Decentraland Metaverse. Over the course of the partnership, the league will develop land parcels in Vegas City district (a digital party town part of the...Read More
The inflation rate may have slowed in the US, but elsewhere, it’s a different story. In fact, both France’s and Spain’s inflation rate has increased to a level not seen in almost four decades. Official figures are concerning. Crypto adoption in both countries has been on the rise. But will the upcoming financial strains have...Read More
The top Spanish regulator – the National Securities Market Commission (CNMV) – estimated that 6.8% of Spain’s adult population has invested part of their wealth in cryptocurrencies. Most of them were from the high-income bracket, while those with lower salaries do not find the asset class that attractive. Still, the Iberian nation is far behind...Read More
The world’s largest cryptocurrency exchange – Binance – doubled down on its European expansion plans. The company’s subsidiary – Moon Tech Spain – received a regulatory nod to register as a Virtual Asset Services Provider (VASP) in the Iberian country. Binance to Strengthen its Presence in Spain According to a document shared with CryptoPotato, the...Read More
One of the largest airline companies in Spain – Vueling – will join forces with BitPay to enable clients to pay for tickets in several cryptocurrencies starting from 2023. Crypto Takes off With Vueling According to a recent press release, the Barcelona-based airline will use Universal Air Travel Plan (UATP) technology (a global settlement network...Read More
The professional soccer team based in Catalonia, Spain – RCD Espanyol – will enable fans to purchase game tickets, merchandise products, and food and beverages in several cryptocurrencies. The offering will be available with the start of La Liga’s next season (August 2022). The First in La Liga to Embrace Crypto Digital assets and the...Read More
Digital asset ads in Spain will have to include a designated warning from February 2022, according to a new release from the Comisión Nacional del Mercado de Valores (CNMV). The paper outlined the new rules on Monday, January 17th, indicating that the watchdog wants to “ensure that the advertising of the products offers true, understandable,...Read More
Bit2Me – one of the leading exchanges in Spain – announced it now supports Shiba Inu (SHIB). The company listed the popular memecoin because of the massive interest from locals. SHIB Crosses The Spanish Borders Shiba Inu saw the light of day last year but became highly popular in 2021 as the memecoin craze, propelled...Read More
Shortly after collaborating with one of the most popular Indian football clubs, the team behind Floki Inu has announced a partnership with Spain’s Cadiz. The joint venture will see the Floki Inu logo displayed on Cadiz’s jersey sleeves. The meme coin mania, which skyrocketed in popularity this year, led to the creation of countless Dogecoin...Read More
Bitcoin ETFs have been a smash hit this year, especially since the launch of the first futures one in the United States last month. But the Spanish counterpart may not be far behind as well. As a matter of fact, the Spanish multinational financial services company Banco Santander is looking to release its very own...Read More
Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments...Read More
Democrats from the House of Representatives have introduced legislation that would pay eligible Americans $2,000 a month until U.S. unemployment numbers return to pre-covid-19 levels. Under the proposal, any American citizen 16-years or older making less than $130K per year would receive monthly funding from the federal government. Also read: Minting Basic Income – US...Read More
With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in...Read More
