Spaniards were obliged to declare assets on foreign crypto exchanges worth more than 50 000 EUR
Individuals and legal entities must submit documents by March 31 next year
28.11.2023 - 15:19
795
1 min
0
What’s new? Spain has updated its cryptocurrency tax rules, which require residents of the country to declare their digital assets on foreign platform accounts if their value exceeds 50 000 EUR. For this purpose, a special Form 721 has been published, which individuals and legal entities need to fill out between January 1 and March 31, 2024. If assets are held on non-custodial wallets, on the other hand, they are reported via the standard Form 714 for wealth tax.
Form on the website of the tax service
What else is known? The initiative comes as officials step up efforts to increase tax collection. In April, for example, the service sent out 328 000 notices to individuals who failed to pay taxes on cryptocurrency for the previous fiscal year.
Along with this, regulation of the sector is being actively implemented. Thus, in October, the Ministry of Economy and Digital Transformation reported that the common European Union law, Markets in Crypto Assets (MiCA), will enter into force in Spain in December 2025. The final date of its implementation in the territory of the bloc is scheduled for May 2025. 2026.
In early November, Spain’s securities regulator filed its first case against a cryptocurrency company for violating marketing rules. It is alleged that the firm Miolos failed to submit its promotional materials for last year’s campaign to the regulator’s scrutiny, and also failed to warn potential clients about the risks of investing in crypto assets.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$79 949
BTC
-1.05%
-
Ethereum
$2 311.67
ETH
-1.64%
-
BNB Smart Chain
$752.08
BSC
+1.03%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.330803
TRX
-0.08%
-
Zcash
$1 241.41
ZEC
-4.84%
-
Dogecoin
$0.078212
DOGE
-1.87%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$279.65
BCH
-5.95%