Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

Spain to Share Data of Users From Domestic Crypto Businesses With the European Union CountriesThe Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML). Rule Aligns With the European AMLD5 Policies According to the decree published in the state official newsletter, Spanish […]

Spanish Healthcare Group to Accept Cryptocurrency Payments, Citing Interest in ‘Bitcoin Revolution’

Spanish Healthcare Group to Accept Cryptocurrency Payments, Citing Interest in 'Bitcoin Revolution'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 […]

Two Major Hotels in Touristic Spanish City to Accept Crypto Payments in the Wake of Covid-19 Crisis

Two Major Hotels in a Touristic Spanish City to Accept Crypto Payments in the Wake of the Covid-19 CrisisSevilla is becoming a crypto-friendly city in Spain at a fast pace, with two prominent local hotels announcing they will start accepting crypto payments. Hotel Bécquer and Hotel Kivir have joined the crypto adoption bandwagon by allowing customers to book rooms with digital assets. Hotels Will Receive 100% of Funds in Fiat Euros According to […]

Investors File Class Action Lawsuit Before the National Court of Spain Over an Alleged $298M Crypto Scam

Investors File Class Action Lawsuit Before the National Court of Spain on an Alleged $298M Crypto ScamA group of Spaniards filed the first crypto-related class-action lawsuit before the National Court of Spain on an alleged million-dollar scam. The lawsuit targets an individual accused of allegedly scammed over 300 small crypto investors across Spain. Money Stolen Could Amount Up to $3.58 Billion Per El País, the class-action lawsuit claims that an individual […]

Spain Is ‘Close’ to Regulating Crypto-Related Ads in the Streets, Says CNMV President

Spain Is 'Close' to Regulate Crypto-Related Ads in the Streets, Says CNMV PresidentSpanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV) is rushing to approve a regulation on such ads that promote bitcoin in Spain. Proposal Comes in the Wake of a Bitcoin Advertising Campaign Ran by a Local Exchange During a […]

Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing ‘Ethical’ Reasons

Spanish Island Government Decides to Sell Its Bitcoin Investment by Citing 'Ethical' ReasonsBitcoin 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 […]

Domestic and Foreign Buyers Acquired a ‘Tokenized’ Apartment in a Spanish City by Paying With Ethereum

Domestic and Foreign Buyers Acquired a 'Tokenized' Apartment in a Spanish City by Paying With EthereumNational and foreign buyers acquired a “tokenized” apartment in Spain with ethereum, which involved a domestic crypto exchange and a real estate investment firm. The city of Sevilla was the scenario for the crypto deal between the parties. Transaction Was Worth Over $64,000 According to El Correo Web, the Spanish crypto exchange Criptan and the […]

Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America

Investment Firm Launches the First 'Crypto Hedge Fund' in Spain- Plans to Expand Across Europe, Latin AmericaIn Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete. Investments Allocated Mainly in Bitcoin and Ethereum According to Infobae, the hedge fund “exclusively” targets qualified investors whose minimum investment […]

Spain’s Tax Authority Sending Notices to 66,000 Cryptocurrency Owners

Spain's Tax Authority Sending Notices to 66,000 Cryptocurrency OwnersThe Spanish tax authority has reportedly started sending notices to about 66,000 cryptocurrency owners in the country. This number represents a massive increase from the 14,700 tax letters the agency sent to crypto owners last year. The letters will continue to be sent until the end of June despite the coronavirus crisis Spain is facing. […]

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