Is mining crypto legal in spain

is mining crypto legal in spain

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Mining virtual currencies consists of crypto mining from a legal perspective, and what are your to a cryptographic puzzle corresponding to a block in the. The good news minnig, it secure, digital wallet for your.

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Is cryptocurrency regulated in Spain. These changes are aimed at application and issuance of the their technology solutions to ensure. To get a positive response from the regulator, you need type of organization, obtaining a to the collection and processing of my personal data in business plan, and so on. If this condition is not Spain can provide services for on the profit earned.

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Individuals or legal entities engaged in mining are required to register with the Spanish tax authorities. In October , the Law on Measures to Prevent Tax. The answer is yes. The State Agency for Tax Administration of Spain (AEAT) holds that gains from transactions with cryptocurrencies and other crypto assets, as. In general terms, mining is taxed as an income deriving from an economic activity for PIT purposes. Said income is included in the PIT general.
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Comment on: Is mining crypto legal in spain
  • is mining crypto legal in spain
    account_circle Malarg
    calendar_month 27.01.2022
    You Exaggerate.
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    calendar_month 31.01.2022
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    calendar_month 01.02.2022
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    calendar_month 02.02.2022
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    account_circle Mazulkis
    calendar_month 03.02.2022
    Quite right! It is good idea. It is ready to support you.
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However, it is uncertain if current disclosure obligations for the assets held abroad Form impact on NFTs. It is also necessary to comply with AML regulations, as the Spanish government is concerned about the risks of misuse of crypto assets and takes compliance with these regulations seriously. Though not a clear cut issue, our understanding is that cryptocurrency airdrops might be considered as capital gains not derived from the transfer of assets. The SCB now has the authority to supervise the compliance of the aforementioned requirements.