Spain Cracks Down on Bitcoin Gambling Loopholes

Spain Cracks Down on Bitcoin Gambling Loopholes

The Spanish government agency that oversees matters of finance and taxation has issued a new ruling stating that bitcoin should be treated as an electronic payment system, a decision that could have a far-ranging impact on Spain's bitcoin economy. El Ministerio de Hacienda y Administraciones Públicas issued the ruling in response to questions from Coinffeine, a Spain-based, open-source bitcoin exchange platform. Abanlex, the company's law firm, had previously reached out to both El Ministerio de Hacienda and the country's Congress seeking clarity on two issues in April. With its response,....


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