Spanish Tax Agency Monitoring Bitcoin For Illicit Use
It is being reported that the tax authority in Spain, Agencia Estatal de Administración Tributaria, is actively monitoring the bitcoin space to ensure that the digital currency isn't being used for crimes like money laundering, drug trafficking, and tax evasion. This is according to a report from RTVE, who notes that news comes as direct response to socialist Treasury spokesman in Congress, Mr. Pedro Saura. Saura was reportedly curious as to which tax rules applied to the acquisition and use of bitcoin (and other digital currencies), and whether or not the Spanish government had any plans....
Related News
The Spanish tax authority, the Agencia Estatal de Administración Tributaria (AEAT), is "monitoring" digital currencies to ensure they are not used for illicit purposes such as money laundering and tax avoidance, the country's government has stated. Perhaps more interestingly for bitcoin, the announcement indicated that digital currencies could be treated as cash, not commodities, for the purposes of taxation. Watching bitcoin. According to a report on RTVE.es, the statement was made in response to the Socialist Treasury spokesman in Congress, Pedro Saura, who had requested clarification of....
An investigation by Spanish authorities into the illegal distribution of paid television content has resulted in the seizure and destruction of six bitcoin mines used to launder proceeds from the alleged scheme. European law enforcement agency Europol, which took part in the investigation, said today that 30 individuals had been arrested during an operation on 18th May. Thirty-eight homes across seven Spanish cities, including Madrid, were searched during the event, according to the agency. According to Reuters, those operating the bitcoin mines based in Spain were stealing power to fuel....
The State Agency for Tax Administration of Spain published guidelines to reduce tax evasion for cryptocurrencies, such as bitcoin. The document is part of the general program of the so-called Annual Tax and Customs Control Plan. Spanish Tax Authorities Could Ask Local Exchanges for Customers Data According to the paper, the Spanish Treasury’s entity seeks to apply three measures, as the crypto markets’ hype generates “tax risks.” That’s why the agency expects to gather information as countermeasures against tax-related crimes. The watchdog is looking with the....
Spanish authorities are enforcing their tough stance on the cryptocurrency industry, and the national tax agency seems to be taking it very seriously. Now, the Hacienda issued 14,800 warning letters to Spaniards under their watch for allegedly having failed or need to declare crypto holdings. Fines Could Be ‘Over $5,900’ if a Crypto Holder Fails to Declare Mandatory Tax Filings According to Telemadrid, Spain’s tax agency was clear on making cryptos taxable, and notifications have already arrived to their correspondent receivers. Spanish crypto holders should declare their....
A Spanish real estate platform has listed its first-ever property for sale for cryptocurrency. The offer is entirely online, and whoever wants to buy the apartment in Barcelona must pay in bitcoin. Anyone Interested Can Pay 3.5 BTC for the Property Per an official announcement, Idealista is seeking to sell its first property via BTC in the wake of a “second revolution” seen in the crypto industry. The apartment is located in the center of Barcelona — close to the Rambla Catalonia — and the interested person should make all the arrangements online, said the....