The Spanish tax authority has begun sending out warning notices to 66,000 cryptocurrency holders to remind them of their tax obligations. According to Europa Press, the Agencia Estatal de Administración Tributaria (AEAT) began the campaign on April 1, and will keep firing off letters until June 30 in the midst of the national COVID-19 crisis. The 66,000 notices represents a sharp increase from 2019, the first year of the campaign, when a reported 14,700 notices were sent out. The tax watchdog is also targeting those who earn income abroad and from real estate investments. Taxes don’t stop during a pandemic …
The Spanish-speaking world has seen another week of major cryptocurrency and blockchain developments with the Mexican government announcing a new alliance to support the development of blockchain initiatives. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Mexican government announces an alliance to support local blockchain development On Oct. 14, the Federal Ministry of Economy of Mexico and the Internet Association MX announced a set of measures to improve the development of government-led projects in blockchain technology. As part of the initiative, the ministry announced the establishment of a new …
Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has carried out a blockchain-based syndicated loan of $150 million, U.K.-based global financial news agency Finextra reports Wednesday, Nov. 7. The syndicated bank transaction has been conducted on a private blockchain network through a group of three funding banks including French banking group BNP Paribas, Japan’s bank holding Mitsubishi UFJ Financial Group (MUFG), and BBVA. Acting as the sole underwriter of the transaction, BBVA also secured the participation of a partly state-owned Spanish company Red Eléctrica de España, as well as two legal advisors, U.K.-based multinational law firms Linklaters and Herbert …
The government of the Spanish autonomous community of Aragon has allocated over 12 million euros ($13 million) for the development of “Industry 4.0,” which includes blockchain technology, artificial intelligence (AI), and other emerging technologies. The news was announced by local news outlet La Vanguardia on Feb. 12. The funds — the amount of which is reportedly twice the originally planned amount — were co-financed by the European Regional Development Fund (ERDF) within the Operational Program of Aragon for 2014–2020. The donation will be used for the development of industrial property and consulting projects, as well as the analysis and planning …
The autonomous community of Aragon in northeastern Spain will be the first in the country to apply blockchain technology in its public administration, local news agency Europa Press reports Monday, September 17. Aragon is one of Spain’s 17 autonomous communities, which were created with the goal of guaranteeing a qualified amount of autonomy for different nationalities and regions in the country. Fernando Gimeno, the counsellor of Finance and Public administration in the Aragonese government, has signed a contract with Alastria — a blockchain ecosystem of more than 274 entities, including companies and institutions which create blockchain-based tools in line with …