Spanish Tax Authority is Monitoring Bitcoin for Use in Illicit Activities

Spanish Tax Authority is Monitoring Bitcoin for Use in Illicit Activities

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....


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