Spain. The Virtual Currency Regulation Review
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).