Spain

Spain is among the European nations demonstrating a heightened interest and openness towards the integration and adoption of crypto payments. Yet, the country's legal structure concerning crypto payments remains in development and faces some uncertainties and challenges.

In Spain, crypto payments are recognized as a medium of exchange, rather than an official currency. As such, they are subjected to Value Added Tax (VAT) and capital gains tax, contingent on the specific nature and aim of the transaction.

Furthermore, Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations are applicable to crypto payments. These stipulate that crypto service providers need to register with the Bank of Spain, adhering to obligations including due diligence, reporting, and maintaining transaction records.

However, there is a lack of specific regulations for crypto payments in Spain. Consequently, they are neither acknowledged as legal tender nor are they overseen or guaranteed by any public authority.