Spain

Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net

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Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […]

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Spain is the Healthiest Country in the World; Cuba Trumps the US

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A few surprises to come out of Bloomberg’s Healthiest Countries report this year. Great news for those of you who dig olive oil, rice, and octopus. Not so much if you’re into calzone or spaghetti bolognese. Oh, and if Chipotle is your go-to meal source, beware–the U.S. and Mexico dropped a few spots this year to rank 35th and 53rd respectively. These are the world’s healthiest countries:1. Spain2. Italy3. Iceland4. Japan5. Switzerland 35. U.S.https://t.co/EZmH07r93S — Bloomberg (@business) February 25, 2019 How Do You Identify the Healthiest Countries? The Bloomberg index takes into account several factors that contribute to the overall

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Spanish Electricity Giant Endesa is Harnessing Blockchain Tech

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Major Spanish energy company Endesa has revealed plans to open a blockchain laboratory in an effort to encourage development of blockchain-based solutions for the energy industry. Endesa, the largest power utility in Spain, has joined the growing number of companies across various industries looking to leverage blockchain technology for industry-specific applications. The electricity provider, through […]

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Spain to Tax its Bitcoin Miners up to 47% of Profits

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  A recent notice and update from the official taxation authority in Spain sees bitcoin mining fall under the purview of an economic activity, opening cryptocurrency mining to taxation. Bitcoin and cryptocurrency miners in Spain will see taxation of their profits, a recent notice issued by the country’s National Directorate of Tax revealed. First reported […]

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Six Bitcoin Mines Related to Criminal Ring Seized by Spanish Police

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Spanish police have seized six bitcoin mines that were allegedly in use by a criminal network involved in the illegal distribution of pay-TV channels in Spain. A joint investigation by the Spanish National Police and Tax Authorities with the support of Europol and local German police saw the crackdown of a criminal network making proceeds […]

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Mayor of Barcelona Advocates for a Local Digital Currency

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Ada Colau, Barcelona’s new mayor, has made good on her campaign promise to create a local digital currency to help simulate local commerce and spending within the city limits, along with other benefits. The city of Barcelona, capital of the Catalonia – an autonomous community in Spain is in currently the throes of a heightened local movement to break away from Spain. Although the Spanish constitution explicitly disallows any region in the country to separate, pro-independence parties won a clear majority of seats in Catalonia’s parliament during the recent local elections. In a coalition, the victorious parties have sought to […]

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