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Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports

Spanish Treasury Introduces New Crypto Tax Model Featuring Balance ReportsThe Spanish treasury has introduced a new series of requirements regarding the reporting and taxation of cryptocurrency holdings in the country. The new rules include the obligation of taxpayers to disclose all of their cryptocurrency holdings to the tax authorities, as well as their value in euros, including details of transactions with the addresses of […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720

Spanish Treasury Admits That Cryptocurrency Holdings Don’t Need to Be Declared Under Model 720Spain’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 regarding cryptocurrency after Model 720 was declared to be illegal […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings Abroad

Spain Modifies Tax Model 720, Used to Declare Cryptocurrency Holdings AbroadThe Spanish parliament has introduced an amendment to the tax model 720 used to declare cryptocurrency and other holdings abroad, softening some of the penalties associated with it. The modification, which has not yet been approved, changes some of the harsher penalties that were declared illegal by the Court of Justice of the European Union […]

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces