Cryptocurrency Analysis and News Portal
Spain introduces a new crypto tax regulation requiring residents to declare their cryptocurrency holdings on foreign platforms by March 2024. Spain has introduced new tax regulations requiring residents to declare cryptocurrency holdings on foreign platforms. This directive was issued by the Spanish Tax Administration Agency, Agencia Tributaria, which has created a
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"Digital euros are euros, but bank deposits are not euros. Deposits are just promises to pay euros, and if banks can't fulfill those promises, then you get crises emerging," he said, adding that a CBDC would have the benefit of stability, justifying the use of the digital euro instead of
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"I believe it is our responsibility – not only the central bank's, but also the financial industry's – to be ready to ensure that a service which is key to society's well-being, as the payment system is, does not come under threat. Therefore, and irrespective of the decision which is
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In an Oct. 26 announcement, the Spanish Ministry of Economy and Digital Transformation shared that the Markets in Crypto-Assets (MiCA) Act will come into force on a national level in December 2025, six months earlier than scheduled. According to the European Securities and Market Authority, the deadline for implementing MiCA is
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The rules introduce tough consumer-protection measures for crypto firms, and in principle kick in at the end of next year for companies seeking a new license. Companies already operating under national law, however, can carry on for a further 18 months, and regulators are anxious that an overlong implementation period
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The Spanish Ministry of Economy and Digital Transformation reported that the first comprehensive European Union crypto framework, the Markets in Crypto-Assets (MiCA) Act, will come into force on a national level in December 2025.As follows from the release published by the Ministry on Oct. 26, the first vice president of
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Kraken has secured a virtual asset service provider registration in Spain, marking another significant step for cryptocurrency exchanges expanding operations in Europe. Crypto exchanges have recently been intensifying their efforts to expand within the European region. Kraken, one of the prominent global crypto exchanges, has made significant strides in this direction. The
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Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain.According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading services to 27 European Union (EU)
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“We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence," said Curtis Ting, Kraken’s vice president of global operations. "We are grateful for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank
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The global economy may not be ready to face the worst-case scenario of the U.S. interest rate rising as high as 7% with stagflation, according to the CEO of investment banking giant JPMorgan (JPM), Jamie Dimon, Bloomberg reported on Tuesday. Since March 2022, the Federal Reserve has raised the benchmark
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