Spain Enacts Law to Access Crypto Exchange Data and Confiscate Digital Assets
Spain is set to implement a new law by January 2026 that empowers its tax agency to collect data on citizens’ cryptocurrency. Holdings from both domestic and international exchanges under the EU’s DAC8 directive.
This law will require virtual asset service providers to report user transactions and holdings, including those held outside the EU through cooperative agreements. It also authorizes the Spanish tax agency to seize digital assets—not just traditional funds—to recover unpaid taxes. Aimed at enhancing tax transparency. The measure could generate over €2.4 billion in revenue, with data sharing among EU tax authorities starting by September 2027.
Clever Robot News Desk 9th June 2025
