A proposal for stricter crypto regulations has been introduced in Spain, aiming to increase tax transparency and impose higher rates on cryptocurrency transactions. The Sumar parliamentary group put forth amendments to existing laws affecting cryptocurrencies, proposing a significant shift in how these digital assets are taxed. 47% tax on income from crypto trading is one proposed change, compared to the current 30% maximum.
A visual risk indicator system for crypto assets would also be implemented as part of this proposal. This move comes after Spain shifted its crypto tax rules years ago and has seen a growing influence in Spanish crypto markets.
The exact details and impact of these amendments remain unclear, pending official confirmation from the Spanish government and further public commentary. Experts are closely watching for potential implications on investor behavior and international crypto adoption in Spain.