{"id":9068,"date":"2023-01-02T21:34:04","date_gmt":"2023-01-02T21:34:04","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9068"},"modified":"2022-05-14T05:12:56","modified_gmt":"2022-05-14T05:12:56","slug":"the-spanish-government-wants-to-control-the-crypto-currencies","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/the-spanish-government-wants-to-control-the-crypto-currencies","title":{"rendered":"The Spanish government wants to control the crypto currencies"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/the-spanish-government-wants-to-control-the-crypto-currencies\/#what_exactly_does_the_approved_draft_say\" >What exactly does the approved draft say?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/the-spanish-government-wants-to-control-the-crypto-currencies\/#they_will_seek_to_control_crypto-currencies_and_cash\" >They will seek to control crypto-currencies and cash<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>In case there was still any doubt that<b>\u00a0the Spanish Government wants to control bitcoin and other digital cryptos<\/b>, the Spanish Council of Ministers has approved a draft that confirms it.<\/p>\n<p>Last Tuesday, October 13th, the Spanish Minister of Finance has communicated that\u00a0<b>the \u201cPreliminary Project of the Law of Measures for the Prevention and Fight against Fiscal Fraud\u201d has been approved.<\/b><\/p>\n<p>This measure aims to strengthen the practices and state policies aimed at collecting taxes in the Spanish territory. In order to become a law,\u00a0<b>this draft must be approved\u00a0<\/b>by the Spanish Parliament.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_exactly_does_the_approved_draft_say\"><\/span><b>What exactly does the approved draft say?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The draft proposes a set of measures that aim to \u201c<b>prevent tax fraud, money laundering and terrorism<\/b>\u201d and therefore are directed with special emphasis on\u00a0<b>cash payments<\/b>\u00a0for professionals,\u00a0<b>the prohibition by law of tax amnesties and the use of bitcoin and other cryptocurrencies<\/b>.<\/p>\n<p>The Minister of Finance, Mar\u00eda Jes\u00fas Montero, has expressed that \u201cfrom this moment on, citizens know that the Spanish State will not give up nor will it look for shortcuts in the fight against tax fraud\u201d.<\/p>\n<p>Will it be \u201cavoiding tax fraud\u201d or\u00a0<b>adding 800 million Euros more in tax collection<\/b>, which drives this new and controversial measure?<\/p>\n<div id=\"image_1491282829\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/el-gobierno-espa%C3%B1ol-quiere-controlar-las-criptomonedas_2.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/el-gobierno-espa\u00f1ol-quiere-controlar-las-criptomonedas_2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/el-gobierno-espa\u00f1ol-quiere-controlar-las-criptomonedas_2-300x225.jpg 300w\" alt=\"el gobierno espa\u00f1ol quiere controlar las criptomonedas Bitnovo\" width=\"768\" height=\"576\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/el-gobierno-espa\u00f1ol-quiere-controlar-las-criptomonedas_2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/el-gobierno-espa\u00f1ol-quiere-controlar-las-criptomonedas_2-300x225.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/el-gobierno-espa\u00f1ol-quiere-controlar-las-criptomonedas_2.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"they_will_seek_to_control_crypto-currencies_and_cash\"><\/span><b>They will seek to control crypto-currencies and cash<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to the draft, the Spanish government wants to regulate bitcoin and cryptoactives by obliging Spaniards and\/or those residing in Spain to\u00a0<b>inform the State about the possession of digital assets<\/b>.<\/p>\n<p>At the same time, they will have to report all the transactions with cryptocurrencies both in Spain and abroad.<\/p>\n<p>And if citizens choose not to report it? My personal opinion is that it will be very difficult for the government to access this data because, although<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/bitcoin-is-safe-anonymous\/\">\u00a0Bitcoin is not completely anonymous<\/a>, it\u2019s impossible for a government to track all the transactions of Spaniards in Spain or outside of Spain.<\/p>\n<p>Even more so if users choose to buy Bitcoin in cash through totally anonymous services such as\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/bitnovo-voucher\/\">Bitnovo coupons to buy cryptos.<\/a><\/p>\n<p>Coupons to buy bitcoin and other cryptos, are available in the thousands of associated stores found\u00a0<a href=\"https:\/\/www.bitnovo.com\/comprar\/efectivo\/\">on this map<\/a>.<\/p>\n<p>The text of the draft says exactly that Spanish taxpayers will have to\u00a0<b>provide the State with information regarding the cryptos they keep in their custody<\/b>. In addition, they will have to report on any type of operation in which they acquire, transmit, exchange, transfer, charge or pay with cryptos.<\/p>\n<p><b>Cash will also be controlled<\/b>, and the project proposes to reduce cash payments to professionals. If the draft is approved and becomes law, the maximum amount of payment in paper bills will be\u00a0<b>reduced from 2,500 euros to only 1,000.\u00a0<\/b>And the only ones exempted from this modification will be the \u201csmall domestic economies\u201d and transactions between individuals.<\/p>\n<p>What are the implications of these measures for the\u00a0<b>Spanish economy<\/b>? Is it part of a strategy in view of the possible launch of\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/does-the-digital-euro-exist\/\">the digital euro<\/a>?\u00a0<b>Can the government regulate crypto-currencies<\/b>\u00a0or is it an absurd measure?<\/p>\n<p>Remember that you can join our\u00a0<a href=\"https:\/\/t.me\/bitnovoOfficial\">Telegram group<\/a>, where we discuss these and other problems of the crypto world together with our clients.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>In case there was still any doubt that\u00a0the Spanish Government wants to control bitcoin and other digital cryptos, the Spanish Council of Ministers has approved a draft that confirms it. Last Tuesday, October 13th, the Spanish Minister of Finance has communicated that\u00a0the \u201cPreliminary Project of the Law of Measures for the Prevention and Fight against [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-9068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9068"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8352"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}