Spain. The Virtual Currency Regulation Review

Pilar Lluesma Rodrigo, Miguel Pérez Campos.

In Spain, there is no legislation specific to virtual currencies, except for the piece of legislation approved in April 2021 implementing the Fifth Anti-Money Laundering Directive (see Section IV), the law approved in July 2021 on preventing and fighting tax evasion and a new Circular approved by the Spanish securities regulator (CNMV) on the advertising of cryptoassets (see Section IX). In October 2021, the Bank of Spain put in place a register for providers who are engaged in the exchange of services between virtual currencies and fiat currencies and for custodian wallet providers (see Section V).

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