Spain
Spain’s Sumar party has proposed raising crypto taxes to as much as 47%, treating all digital assets as seizable and introducing a “risk traffic light” rating system for tokens. Critics say the plan could chill investment and raise legal uncertainty for holders and businesses.
Spain's stock market watchdog, the CNMV, fined X €5 million after the platform failed to verify that a crypto advertiser was authorized to offer investment services. The penalty underscores rising regulatory scrutiny of crypto ads on social media.
Openbank, the digital bank owned by Santander, launched cryptocurrency trading for Spanish customers on November 11, 2025, moving into direct competition with BBVA's crypto offering. The move signals growing mainstream bank adoption of digital-asset services in Spain.
Spanish police arrested Álvaro Romillo on suspicion of running a $300 million Ponzi scheme that allegedly duped about 3,000 investors. The case highlights renewed regulatory scrutiny and the need for stronger due diligence across the crypto ecosystem.
BBVA has become the first traditional bank in Spain to offer Bitcoin and Ethereum trading and custody services through its mobile app, enabling customers to buy, sell, and securely store their crypto assets.
BBVA is set to introduce a cryptocurrency trading and custody service for Bitcoin and Ethereum through its app in Spain between June and September 2025, following the receipt of the MiCA license. This move allows retail clients to manage crypto assets seamlessly alongside their traditional accounts and investments.