Spain

2.51% of the Spanish population owns cryptocurrency

How many cryptocurrency owners are there in Spain?

It is estimated that over 1.1 million people, 2.51% of Spain’s total population, currently own cryptocurrency.

What is the nature of cryptocurrencies like in Spain?

Spain’s economy is highly developed and benefits from such fields as renewable energy, technology and IT, manufacturing, textiles, tourism, agriculture, and many others. Spain has no regulations on Bitcoin. Bitcoin transactions in Spain are considered barter transactions under the Civil Code. Such laws consider Bitcoin to be digital good or a thing. Bitcoin-accepting businesses are required to make an account statement with a value-added tax in euros. Spain’s financial supervisors were the second to confiscate Bitcoins while investigating fraud involving Bitcoin in 2013. Spain is working to implement blockchain across its cities and other fields.

Cryptocurrencies’ rising popularity in Spain

  • Cointelegraph: Spain’s national soccer team to launch fan token on Turkish platform – May 2021
    The Spanish national soccer team will launch the world’s first national soccer team fan token thanks to a partnership between the Royal Spanish Football Federation and the Turkish blockchain platform Bitci Technology. The token will launch on Bitcichain, and all tech infrastructure will be provided by Bitci Technology. According to a recent announcement, Bitci Technology will be the team's exclusive blockchain partner for the initial three-year period, followed by an optional two-year period.
  • Bitcoin.com: Spain Is ‘Close’ to Regulating Cryptocurrencies-Related Ads in the Streets – April 2021
    Spanish financial authorities don’t seem to be happy with the massive cryptocurrency-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV) is rushing to approve a regulation on bitcoin ads in Spain.
  • Cointelegraph: How Spain pushed cryptocurrencies adoption despite the pandemic – January 2021
    The year 2020 will go down in history for how the COVID-19 pandemic affected the Spanish economy. Beyond that, however, there have been important events from a governmental and regulatory point of view, as well as those related to private companies and the adoption of cryptocurrencies.
  • pymnts: City In Spain Debuts ‘Elio’ Cryptocurrencies – December 2020
    A small Spanish city has launched an “Elio” cryptocurrency to facilitate transactions, Finance Magnates reported. The cryptocurrency, pegged to the euro, will enable the City Council of Lebrija to provide economic assistance to just under 600 selected beneficiaries. The council has made a digital wallet for the cryptocurrency, according to an official cited in the report.
  • CryptoSlate: Burgers, beers, and Bitcoin: This cryptocurrency-friendly cafe in Spain has it all – March 2020
    Burgers, beers, and Bitcoin: This cryptocurrency-friendly cafe in Spain has it all. Christina Comben, Journalist @ CryptocurrenciesSlate: If you thought your local Starbucks or WeWork was a great place for connecting with friends and colleagues, imagine being surrounded by truly like-minded people united by a common passion. Well, two passions, actually: cryptocurrency and a really good burger. That’s exactly what’s going on at Bitcoin Rock Cafe in Vigo, Spain, the first restaurant of its kind to fully finance itself by tokenizing its shares on the blockchain.