#spain

The Spanish Ministry of Finance is drafting a bill aimed at the confiscation of digital assets to cover outstanding tax liabilities. The new regulations will allow investigators to track users' cryptocurrencies and freeze them for subsequent confiscation at the earliest opportunity.

Spain's National Securities Market Commission (CNMV) has alerted Social Network X to potential violations due to fraudulent cryptocurrency advertisements on the platform.

Securitize, a digital asset trading platform, has started tokenizing equity in Spanish real estate investment trust, Mancipi Partners. The tokens will trade on the Avalanche blockchain from September. This marks the first tokenized equity issuance under the European Union’s pilot scheme for distributed ledger technology, supervised by the European Securities Market Authority. Securitize will also undergo a six-month supervision period by Spain’s National Securities Market Commission (CNMV). Securitize's CEO, Carlos Domingo, believes the move will significantly benefit European businesses, providing new avenues for capital raises and potential tax benefits.

The Spanish government has announced its intention to adopt the European Union's comprehensive crypto framework (MiCA) at the national level, moving up the implementation timeline by six months. This expedited schedule is driven by the need to establish legal clarity and enhance investor protection in the cryptocurrency sector, as stated by the country’s officials.