The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is giving the first steps by declaring electronic money entities as tax collection agents. Spanish Treasury Seeks…
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An unconfirmed report suggests Taurus will provide crypto custodial services to Spanish financial services giant Banco Santander. Spanish financial services giant Banco Santander has reportedly selected digital asset management firm Taurus to safeguard its Swiss clients’ Bitcoin (BTC) and Ether (ETH). On Nov. 20, Santander Private Banking International’s Swiss private banking unit rolled out a…
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A problem with Redsys, a third-party platform used in all of Spain, caused a meltdown for almost all of the digital payment options in the country, leaving citizens without means of payment for hours. The incident left stores without the possibility of using credit and debit cards for receiving payments, and users had to turn…
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The CNMV’s head reiterated that networks are responsible for taking measures against investment promotions by unlicensed entities. The National Stock Market Commission (CNMV), Spain’s principal securities market regulator, called out fraudulent crypto assets promos on X (formerly Twitter) and reiterated the obligation of companies to comply with local laws. On Nov. 8, in a speech at…
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The Spanish securities regulator has recently hinted at investigating and sanctioning X (formerly known as Twitter) for allowing unlicensed providers to post crypto ads. According to Spanish law, social networks and other service providers must verify that ad campaigns come from authorized financial service providers. Spanish Securities Regulator Hints at Taking Actions Against X The…
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Source: Pixabay The National Securities Market Commission (CNMV) of Spain has opened its first crypto infringement case against local technology provider Miolos. CNMV, the Spanish securities markets regulatory body, released an agreement on Wednesday, announcing “sanctions proceedings” against Miolos over crypto non-compliance. The agency’s executive committee agreed upon the sanctions during a session held on…
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The country’s population doesn’t demonstrate as high a confidence level in the European Central Bank’s digital currency project as the government does, according to the survey. As the Bank of Spain embraces the potential adoption of a digital euro, the country’s population doesn’t appear to have the same strong appetite for the European Central Bank’s…
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The country said EU crypto rules will come into force in December 2025, ahead of the general deadline for implementing MiCA for all 27 member states of the EU. The Spanish Ministry of Economy and Digital Transformation reported that the first comprehensive European Union crypto framework, the Markets in Crypto-Assets (MiCA) Act, will come into…
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The digital euro will make electronic payments a vital piece of the financial system, the statement claims. Banco de España, Spain’s central bank, has joined a chorus of European banking institutions preparing their customers for the potential benefits of a digital euro. The central bank published a short text on Oct. 19 explaining the nature and…
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Who says NFTs are dead? ‘Calladita / The Quiet Maid’ – a movie funded by the sale of non-fungible tokens (NFTs), set to premiere at the Tallinn Film Festival – has secured a global sales deal. ‘The Quiet Maid’ is the first European feature film financed by the sale of NFTs. It is a debut…
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