Spain Wants to Tax Bitcoin Miners 47%
The Spanish government plans to tax Bitcoin mining profits up to 47 percent, following official hints that mining will become a taxable activity. Spain 47% Mining Tax ‘Hard To Implement’. At the end of August, the Spanish Ministry of Finance and Public Administrations said Bitcoin trading and use as a payment method is segregated as tax-free activities.....
Related News
A recent notice from the official taxation authority in Spain sees bitcoin mining fall under the purview of an economic activity, opening cryptocurrency mining to taxation. Bitcoin and cryptocurrency miners in Spain will see taxation of their profits, a recent notice issued by the country’s National Directorate of Tax revealed. First reported Spanish industry publication CriptoNoticias, the new directive would require all cryptocurrency miners to register themselves with Spanish authorities before submitting taxes on mining-earned profits. Citing reasons for the new tax measures, the....
Maria Muñoz, a Spanish deputy from the country’s Congress, wants to position its country as a reliable alternative to miners that are facing a dire situation in Kazakhstan, after their internet service was suspended, affecting their operative capacity. Muñoz sent a letter to the congress, inquiring about the possible actions that Spain might take to attract fleeing miners, and about the impact this event has had on the Spanish mining sector.
Spanish Deputy Maria Muñoz Inquires About the Consequences of the Kazakhstan Situation
Maria Muñoz, a deputy of....
The government of Spain has announced it will issue a series of grants and aid for metaverse-related developments. The individuals and companies interested in receiving these grants will have to be based in the European Union or Spain and present a plan, and meet a series of requirements, to be considered. The first batch of grants will be dedicated to the gaming and entertainment sector.
Spain Acknowledges Relevance of the Metaverse
Countries from all over the world are now considering the metaverse and its related technologies as important developmental pillars for the future.....
Since 2008 Spain has endured a prolonged economic recession, and at the moment the country is running without a government. However throughout this turbulence Spaniards are getting along just fine — Bitcoin is growing popular there and the economic downturn has spurred several fintech startups. Spains Lack of Governance Is Exciting Spanish Citizens.....
Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000 customers in Spain, expects to grow its userbase with this new development.
Revolut Customers in Spain Can Upgrade to Revolut Bank
Revolut, one of the biggest fintech neobanks in Europe, has received a special banking license in Spain, and can now offer deposit insurance to its customers.....