US EditionSpain to introduce strict cash controls with €150K penalty for noncompliance - Coin Surges
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7 Articles
No, Spanish Citizens Don’t Have to Report Cash Withdrawals Over €3,000 in Advance to the Tax Agency
Information about an alleged new regulation requiring Spanish citizens to report cash withdrawals over €3,000 recently went viral on social media. Spanish crypto and tax experts debunked this claim, stating that it is completely incorrect and a result of a misunderstanding of anti-money laundering regulations. Experts Debunk Viral Post: Spanish Citizens Don’t Have to Report... The post No, Spanish Citizens Don’t Have to Report Cash Withdrawals O…
Spain Requires Reporting on Cash Withdrawals Over €3,000, Fines Up to €150,000
Spanish authorities now require bank customers to report cash withdrawals exceeding €3,000 in advance, with fines ranging from €600 to €150,000 for non-compliance, under new measures aimed at combating financial crime. The regulations mandate at least 72 hours’ notice for withdrawals of €100,000 or more, and 24 hours for smaller amounts above €3,000, according to […]
Spain to introduce strict cash controls with €150K penalty for noncompliance - Coin Surges
Spain is set to introduce some of the harshest cash controls in Europe, with a €150,000 penalty for failing to report cash withdrawals over €3,000 with at least 24 hours’ notice. In a direct assault on the financial privacy of its citizens, under new rules coming into force as part of Royal Decree 253/2025, Spaniards must formally notify the tax authorities before accessing their own money. They must also state the amount, the purpose, and the r…
Spain Imposes Cash Withdrawal Rules in a Blow Against Financial Sovereignty - Chris on Crypto
Spain has rolled out a new policy that raises immense concerns. As of April 2025, anyone withdrawing €3,000 or more in cash is obliged to notify the Agencia Tributaria twenty-four hours in advance, while a cash withdrawal of €100,000 or more requires a seventy-two hour notice. Failure to comply could mean a €150,000 fine, depending … Read more "Spain Imposes Cash Withdrawal Rules in a Blow Against Financial Sovereignty" The post Spain Imposes Ca…
Restrictions and their effect on the vulnerable population Limit on cash payments and sanctions Risks of excessive withdrawals of cash Suspicious transaction regulations Prohibition of cash payments exceeding €1,000 Importance of a physical money reserve Maximum tax sanctions for irregularities Advice to avoid sanctions The recent experience of the April 28 blackout, which left much of the country without light for hours, evidenced the dependenc…
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