Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing ‘E...
Bitcoin is not liked by everyone from the Island Council of Tenerife, Spain. At least that’s what was suggested by its president, Pedro Martín, who ordered the sale of the local government’s investment in cryptocurrency. Bitcoin Is an ‘Opaque’ Currency, Martín Says Martín, from the Spanish Socialist Worker’s Party (PSOE), issued the order of dismantling the investment made through the Technological Institute of Renewable Energies (ITER) in a previous administration, citing “ethical” reasons. In detail, according to El....
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As part of regulations that are set to become effective in mid-February, crypto-asset investment promoters will be required to inform the Spanish securities watchdog of the contents of any ad that targets over 100,000 people.
10-Day Advance Notice Rule
The Spanish government has tasked the country’s securities watchdog with authorizing advertisements that promote cryptocurrencies, a report has said. Also, as part of the new measures, crypto-asset investment promoters will be required to notify the Comisión Nacional del Mercado de Valores (CNMV) of any promotional....
Cryptocurrency regulation is still an ongoing topic for the Spanish government and regulators, with some not too friendly measures against crypto ads or enhancing tax rules. However, adoption is on the rise in different industries, and the healthcare sector is joining the frenzy. Patients Could Pay With Digital Assets Starting June 1 According to Forbes Negocios, the Spanish healthcare group Biziondo, specializing in spine treatments, will accept bitcoin (BTC) and other crypto asset payments within its clinical facilities across Spain. After seeing a rising adoption of what they called a....
The island of Jersey has approved the launch of a bitcoin investment fund, which the government claims will be the first such fund to be regulated. Called the Global Advisors Bitcoin Investment Fund (GABI), the fund received regulatory approval from the Jersey Financial Services Commission (JFSC) earlier this week. The fund, set up by Global Advisors Jersey Limited (GAJL), is set to launch on the 1st August. The Island of Jersey is the largest of the Channel Islands and is a self-governing British Crown dependency. Due to its liberal tax policies the island developed into a tax haven....
The Vanuatu government announces its support for the Satoshi Island Community Project, a private crypto island where fiat isn't invited. It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC). Now, the prime minister of Vanuatu, the Honourable Bob Loughman, has officially given the green light to Satoshi Island. The Vanuatu government approval, which Satoshi Island was happy to share with Cointelegraph. Source: SISatoshi Island is the megaproject crypto utopia in....
The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and in which way are still a mystery for traders and holders. The organization is still looking for information to control these tax statements effectively.
Spanish Treasury Ministry Will Begin Formulating Crypto Tax Requirements Next Year
The Spanish Treasury has announced it will hold off....