DAC8, which requires exchanges to report consumer info, comes into impact on January 1.
Consultants warn a few Treasury “feast” with cryptocurrency information.
In a situation of progressive maturation of the cryptocurrency ecosystem, Spain is transferring in the direction of a extra particular and structured regulatory framework. The yr 2026 is rising as one to bear in mind, as a result of full implementation of the MiCA Regulation (Cryptoasset Markets) and the entry into power of the so-called Administrative Cooperation Directive (DAC8).
MiCA, totally relevant on the European degree from December 30, 2024, will see its full deployment within the Iberian nation in mid-2026. This regulation seeks to standardize the foundations for the issuance and advertising of cryptocurrencies within the European Union (EU), classifying them into classes comparable to utility tokens, safety tokens and stablecoins.
In Spain, the Nationwide Securities Market Fee (CNMV) is the physique that supervises its utility. The entity, on the time of writing this text, has greater than 60 corporations registered to function with digital belongings within the nation. These embrace banking entities, comparable to Cecabank, Banco Bilbao Vizcaya Argentaria (BBVA) and Renta 4 Banco, to cryptocurrency exchanges.
Initially of December, the Spanish Authorities utilized the complete transitional interval offered for within the MiCA Regulation, extending it till July 1, 2026. This regime advantages companies that, earlier than the approval of such regulation, have been already offering cryptocurrency companies below the earlier authorized framework.
Exactly, the extension permits such corporations to proceed working below the earlier nationwide laws, with out the rapid want for full authorization of the brand new provision. Looking forward to 2026, this offers them extra room to adapt, but in addition marks a turning level.
Beginning July 1, Solely corporations which have obtained full MiCA authorization will have the ability to proceed workingwhich would require full compliance with European requirements and can result in the closure of those who fail to acquire approval.
It’s price mentioning that if MiCA establishes the foundations for working out there, the opposite key pillar of regulation in Spain addresses the fiscal dimension. Right here comes into play, as reported by CriptoNoticias, the Administrative Cooperation Directive (DAC8), accredited by Congress in October 2025.
DAC8 will enter into power on January 1, 2026forcing exchanges and repair suppliers to routinely report transactions, balances and consumer actions to EU tax authorities. This contains gross sales, exchanges and transfers, eliminating anonymity in regulated operations. The regulation permits cryptocurrencies to be seized for tax money owed.
Treasury can have full entry to cryptocurrency actions
As defined by José Antonio Bravo Mateu, a specialist in taxation of digital belongings, the DAC8 considerably expands the scope of knowledge obtainable to the Treasury: «Beginning in 2027 we can have info on all of the actions which were made throughout the yr 2026 (…). Will probably be nearly full info,” he mentioned in a latest interview.
The advisor emphasizes that “this info can be a lot larger than that requested from a financial institution”, since within the conventional banking system solely balances larger than 250,000 euros (EUR) are reported, whereas in digital belongings “not even an trade of two euros for a cryptocurrency can be missed.”
Thus, Bravo despatched customers a powerful message: “From January 1, 2026, when you’ve got crypto belongings or euros in an trade positioned in Spain, they’ll have the ability to seize them straight, with out the necessity for prior advanced procedures.”
And it’s that The Treasury could order the provider to dam or liquidate the belongings essential to settle tax money owed.extending this energy additionally to European exchanges as soon as computerized information trade is activated.
Because of this, the tax guide warns in regards to the significance of privateness and the sovereign use of bitcoin (BTC) outdoors of centralized platforms. He insists that Sure nameless practices are completely authorized, so long as they don’t represent a daily financial exercise..
«You should purchase (bitcoin) peer-to-peer (P2P) simply as you should buy any kind of fine from a person (…). It’s not against the law neither is an financial exercise being carried out if it’s not carried out regularly (…). “I should purchase a phone, a pc or bread from a person…” mentioned the specialist.
These customers have been really useful to make use of privateness instrumentsjust like the combine (mixers) of digital belongings. These are instruments designed to extend the privateness of transactions on networks like Bitcoin. They work by pooling funds from a number of customers into a standard pool, mixing them, and redistributing them to totally different addresses.
«A purchase order (of bitcoin in P2P) as soon as every week, as soon as a month, when I’ve cash, isn’t against the law. Similar to taking it to a combine It’s not against the law. If I later promote it once more through peer-to-peer, I’m not committing any offense in opposition to the Treasury, nor are they going to inform me something,” Mateu acknowledged.
Nonetheless, he added: “If I’m doing it each day (the peer-to-peer), that is an financial exercise or it could possibly be an financial exercise (…). There are gaps there.
Put together for 2026
On this yr that’s rising as related for the sector in Spain, it’s important to not confuse the scope of MiCA and DAC8. The danger and regulation guide Cero Uno clarifies this nuance and warns about what he considers to be the “feast” that the Treasury is about to have.
DAC8, which comes into power on January 1, 2026, is the eighth replace of the European Union Directive on Administrative Cooperation (DAC). This obliges cryptoasset service suppliers to report consumer transactions to tax authorities residents within the EU.
The platforms should submit studies on the 2026 actions after the top of the yr, between January 1 and September 30, 2027. Their goal is to tighten the authorized framework on the automated trade of knowledge (AEOI) to fight tax fraud and fight evasion.
Zero One illustrates this with clear examples. It states that if cryptocurrencies are saved in an entity with tax residence in Spain, comparable to Binance Spain SL, the supplier should report on to the Treasury by way of Types 172 (balances as of December 31) and 173 (operations carried out throughout the yr). Each are necessary disclosure statements.
However, for a international CEX throughout the EU, comparable to Kraken in Eire, the specialist clarifies that these nationwide fashions aren’t introduced to the State Tax Administration Company (AEAT). Nonetheless, DAC8 requires computerized equal trade, so the Treasury receives detailed info on balances and transactions from Spanish customers.
In any case, it must be famous that self-custody is outdoors this method. Cero Uno highlights on this regard that, if the consumer retains their cryptocurrencies in private wallets, these belongings aren’t “positioned” in Spain or overseas from a tax standpoint.
That’s, there isn’t a third-party supplier that studies such belongings within the aforementioned Fashions or 721. The latter is an informative declaration on digital currencies positioned overseas and solely applies if belongings are held in entities outdoors of Spain.
Cryptocurrencies below the microscope: proposals and reactions
The advice to prioritize self-custody taught by specialists resonates with broader criticisms of the Spanish regulatory strategy. Analyst José Luis Cava, writer of “The Artwork of Speculating,” criticized the dearth of consideration within the nation to the experiences of america.
In keeping with the author, whereas some authorities events examine learn how to declare residents’ bitcoins confiscable, in america taxpayers will have the ability to pay federal taxes in BTC with out dealing with extra capital features.
Cava is referring to the US legislative proposal often known as the “Bitcoin for America Act”, which seeks to permit residents to settle their federal tax money owed straight with bitcoin, with out mentioned operation implying the popularity of taxable capital features in that particular transaction.
Moreover, when he talks in regards to the actions of some political events, he refers back to the amendments introduced by the Sumar Parliamentary Group (minority accomplice of the coalition Authorities in Spain) to the Draft Legislation on Measures for the Prevention and Struggle in opposition to Tax Fraud, debated in Congress throughout October and November 2025.
These updates search to change the Normal Tax Legislation to extend tax burdens on cryptocurrency income. As well as, it proposes to declare all digital belongings as seizable belongings and permit the Tax Company to promote them.
Nonetheless, the reality is that these adjustments didn’t go unnoticed, in a context of criticism for the larger management and tax burden than different international locations. As reported by CriptoNoticias, only a few days in the past a name was made to trade actors to unite in opposition to the letter.
The assembly goals to coordinate cryptoasset service suppliers (CASP), auxiliary corporations and holders to current proposals that curb laws, shield consumer privateness and stop funding flight.
Cryptocurrency regulation in Spain is transferring in the direction of a situation of larger fiscal management and market supervision, with MiCA and DAC8 as basic pillars. Nonetheless, the dialogue about privateness, consumer rights and attainable tax will increase reveals that the transition is not going to be straightforward. Confronted with attainable adjustments, warning, in addition to staying up to date, can be key.
