What do you have to know to declare cryptocurrencies in Spain? Will the exchanges and miners escape the control of the Treasury? By CoinTelegraph

©Reuters. What do you have to know to declare cryptocurrencies in Spain? Will the exchanges and miners escape the control of the Treasury?

Cryptocurrencies had been capturing the attention of Treasury officials for some time. Experts in the field already warn about the consequences of not complying with the new tax regulations.

The cryptocurrency market continues to grow in Spain, and since the pandemic the focus has been placed even more on these digital assets. According to information extracted from the Statista Global Consumer Survey, up to 10% of Spaniards currently use or own cryptocurrencies, exceeding 4 million people. However, it must be taken into account that Spain is far from the figures of other countries. If we look at the data from Statista, the leading state in this market is Nigeria, where up to 32% of its population owns virtual currencies.

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