Spain's New Crypto Law: Increased Oversight & Tax Revenue

Spain Tightens Crypto Regulations

Spain has enacted a new law aimed at increasing transparency and tax collection within its cryptocurrency market. This legislation, effective January 1, 2026, aligns with the EU's DAC8 directive and requires crypto service providers to report comprehensive user data.

Key Aspects of the New Law:

• Mandatory Data Reporting: Crypto providers must report user transactions, balances, and asset holdings to Spanish authorities.
• Asset Seizure for Tax Evasion: The Spanish Tax Agency gains the power to seize crypto assets to recover unpaid taxes, expanding its collection capabilities beyond traditional bank accounts.
• Increased Tax Revenue Projections: The government anticipates an additional €2.4 billion in tax revenue as a result of this enhanced regulatory framework.
• International Data Sharing: Collaboration under DAC8 will facilitate data sharing with other EU countries and partner nations, making it harder to evade taxes by holding crypto assets abroad.

Transparency vs. Privacy Concerns

While the government emphasizes the importance of fighting fraud and securing digital finances, privacy advocates have expressed concerns about the potential impact on individual freedoms due to the extensive data collection requirements. The law mandates robust data tracking and reporting mechanisms for crypto service providers, with penalties for non-compliance.

Codeum's Role in the Evolving Crypto Landscape

Codeum, a blockchain security and development platform, plays a crucial role in navigating this increasingly regulated space. Our services, including smart contract audits, KYC verification, custom smart contract development, tokenomics consultation, and partnerships with launchpads and crypto agencies, are designed to help businesses comply with evolving regulations while maintaining robust security. Contact us to learn how we can help you navigate these changes.

Looking Ahead

Spain's proactive approach positions the country as a leader in EU crypto regulation. While the stringent rules present challenges, they also provide a framework for responsible growth within the crypto sector. The increased transparency will contribute to a more mature and secure digital asset ecosystem.