Spain Includes Cryptocurrencies in Financial Ownership Registry

Spain is processing the inclusion of bitcoin and cryptocurrency platforms and exchanges in the Financial Ownership Registry for state control. The initiative, approved as a draft bill on July 28, is open for public hearing until September 30, 2026, allowing objections from citizens and businesses. If approved, exchanges will be required to declare the opening and closing of accounts, managed by the future National Authority for Financial Integrity (ANIFI). The National Police, Civil Guard, Tax Agency, judges, prosecutors, and the National Intelligence Center will have direct access to the registry, verifying accounts without individual requirements. Entities will need to report the owner, co-owners, custody signature, asset category, and transaction dates, excluding detailed balances and movements. The government aims to adapt legislation to the requirements of the Financial Action Task Force (FATF), which sets standards to prevent money laundering and terrorist financing. The reform will also affect fund managers, investment companies, venture capital entities, and brokerage firms, in a context of increasing scrutiny over the digital ecosystem.

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