Spain Introduces Law to Acquire Crypto Exchanges' Data, Seize Digital Assets

The directive, which is expected to be approved and implemented by January 2026, will enable authorities in Spain to exchange data on cryptocurrency assets held on international exchanges. Similarly, the Spanish tax agency will be able to seize these assets to collect payment for tax debts.Spain Introduces Law to Strengthen Cryptocurrency Tax Oversight

Spain is preparing to follow European directives that increase the level of oversight on its citizens’ cryptocurrency holdings. According to local media, the government introduced a law forcing virtual asset service providers to report transaction data and the holdings of their users.