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Binance Stops Crypto Derivatives Trading in Spain at Regulator’s Request – Report
9.5.2022
A media outlet has claimed that the crypto exchange Binance has been forced to halt all crypto derivatives trading in Spain at the behest of the national markets regulator....
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Binance reportedly halts crypto derivatives service in Spain
7.5.2022
Binance is expected to reintroduce the derivatives option only after receiving regulatory approval in the form of a guarantee certificate from the Bank of Spain
Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives
6.5.2022
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain....
Bank of Spain Report Warns About Cryptocurrency Usage and Its Effect on Financial Stability
27.4.2022
The Bank of Spain has issued a new report that touches on the subject of the popularity of cryptocurrency usage and the possible effects it might have on the financial stability of the nation. In the document, the bank explains that these assets — which ostensibly don’t have any kind...
Report: Only 5.3% of Spanish Crypto Investors Have Received a Warning to Declare Income Taxes
26.4.2022
Only 5.3% of Spanish crypto investors have received a warning to declare income taxes, according to a report in local media. If accurate, this would mean that only 233,000 investors, a minuscule portion of the estimated 4.4 million Spanish citizens that have delved into the crypto world with...
Study: Switzerland Has ‘the Most Profitable Bitcoin Traders’ Worldwide, While France ‘Is the Best Bitcoin Trading Nation’
20.4.2022
According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country...
Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method
19.4.2022
Real estate investments are booming in Spain and Europe, as investors are exiting riskier investment avenues in favor of safer options. According to sources from the real estate world, the interest in these instruments has grown 400% since November, with people purchasing homes without even having...
Spanish Crypto Investors ‘Fleeing to Portugal to Escape Taxes,’ Say Lawyers
14.4.2022
Increasing levels of scrutiny from the Spanish taxman are forcing Spaniards to flock to Portugal – or at least declare their legal residence of their Iberian neighbor nation. And it is a phenomenon that could one day turn Spain into what legal experts have called a “crypto desert.”...
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Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases
11.4.2022
The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there...
Spanish Securities Watchdog Calls for Search Engines, Social Network Operators to Stop Promoting Unregistered Investment Platforms
6.4.2022
The CNMV, the Spanish securities regulator, has called for large search engines and social networks to stop offering advertising services for platforms that are not registered to offer investment or financial services. The regulator has also stated that it will take matters into its own hands...
Spanish Retail Giant El Corte Inglés to Open Crypto Exchange – Report
31.3.2022
The Spanish retail behemoth El Corte Inglés is reportedly ready to come good on hints last year that it was eyeing a move into the world of crypto – and might join forces with the “global big four” auditing company Deloitte to launch a crypto exchange....
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Bank of Spain Warns About Risk of Extended Use of Unregulated Cryptocurrencies in the Country
31.3.2022
The deputy governor of the Bank of Spain, Margarita Delgado, gave her opinion about cryptocurrencies and how they are increasing the risks in today’s economy. At an event hosted by PWC called “A climate of change,” Delgado explained that the continued and extended use...
Spanish Retailer El Corte Ingles Launches Crypto Exchange in Partnership With Deloitte
27.3.2022
El Corte Ingles, one of the biggest retailers and distributors in Spain, has taken its first step into the cryptocurrency world. The company is reportedly launching its own cryptocurrency exchange for customers of its stores. The firm has enrolled the help of Deloitte to build a new platform that...
Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720
24.3.2022
Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules...
After a Scare, Spaniards Won’t Have to Declare their Overseas Crypto Holdings this Year
23.3.2022
“Chaos” could turn into farce in Spain – where it turns out that a controversial tax and asset declaration form will not apply to crypto after all. Or at least not this year....
Read More: After a Scare, Spaniards Won’t Have to Declare their Overseas Crypto Holdings this Year
Ombudsman Receives Complaints About Crypto Investments in Spain
22.3.2022
The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees...
What Does a Crypto Mining Farm Look Like? Striking Photos From Siberia to Spain
21.3.2022
CoinDesk reporters traveled across Europe and North America to capture the diversity of cryptocurrency mining facilities
Spanish Crypto Adoption Increases, But Tax ‘Chaos’ Looms
18.3.2022
Crypto adoption appears to be on the rise in Spain – but as tax season approaches, some have warned that failure to comply with the Treasury’s tax-related rulings could prove costly for newer and more seasoned Spanish crypto investors alike.
A recent report from the Association for Media...
FC Barcelona to Get Into Metaverse and NFTs
5.3.2022
The FC Barcelona, a soccer club with a large fanbase in Spain and Europe, has revealed its plans to take advantage of the rise of the metaverse and NFTs in the cryptocurrency market. Joan Laporta, president of the club, explained how it plans to occupy all of these markets to bring more engagement...
Spanish Telecom Behemoth Telefónica Weighs up Crypto Pay Options
4.3.2022
The Spanish telecoms giant Telefónica is mulling accepting crypto pay for “some of its services” – although it claims that its crypto projects pertaining to payments are still in the planning stage....
Read More: Spanish Telecom Behemoth Telefónica Weighs up Crypto Pay Options