UPDATE (May 10, 2025): Na een gedetailleerd evaluatie van Royal Decreet 253/2025, de officiële BOE -tekst en meerdere onafhankelijke facts -controles, hebben we vastgesteld dat een eerdere versie van dit artikel die niet -nauwkeurig beweerde dat Spanjaarden 24 -jarige opzegging aan de belastingautoriteiten aan de belastingautoriteiten moeten geven voordat ze meer dan € 3.000 in contanten in contanten zouden kunnen krijgen en boeten van UP tot € 150.000 moeten krijgen For non -complications. In reality, the reporting time on banks and fintechs – not on individual savers – and the fine of € 150 K only applies to institutions that do not submit the required data. The article has been fully updated to correct these points and to provide an extensive, produced explanation of the new rules.
The short version: The decree focuses on banks and fintechs, not normal account – holders – but it still pushes Spain closer to the total financial transparency.
Where the rumor came from
The story started with an article in April -28 in Madrid Informarepeated by various English language blogs and a FintechNews CH Syndication. A thread from Citizenx CEO Alex Recouso snowed on X and pulled one Expletive -loaded answer from Podcaster Peter McCormack. None of those messages linked to the Boletín oficial del Estado (Boe) where the law was actually published.
What Royal Decree 253/2025 actually does
- Changes Articles 37, 38 and 38 bis of the General Tax Management Regulations of Spain (Real Decreto 1065/2007) and adds a new article 38. ((Boe – A – 2025-6599))
- Required Banks, E -money institutions and card publishers To submit:
- Monthly Reports of cash deposits, recordings, loans and account balance more than € 3,000.
- Monthly Reports of trading card payments (the old annual threshold of € 3,000 disappears).
- Annual Reports about all map activity – costs, recharges and ATMs – unless the card moves less than € 25,000 per year.
- Expands the duty for foreign fintechs that serve Spanish residents.
- Changes most of the workload from annual to monthly archives, so that the risk analysis window from Aeat is cited from 12 months to around 30 days. ((KPMG –))
Myth busting: no 24 -year notification, no fine of € 150k for private spaarders
Fact checkers at Iner The claim invalidates that citizens must ‘state in advance’ the withdrawals. Article 38 only requires financial institutions to include money above € 3,000 in their information return. There is no language In Royal Decree 253/2025, a person forces to submit a form or wait 24 hours before he touches his own money.
The head of € 150,000 is the Maximum administrative fine The Aeat can impose entities that systematically submit or falsify the new reports – Roughly 0.5 % of their annual income under the Graduations Sanctions of Spain (Act 58/2003, Article 199). Private customers are not at a distance.
Who can really get a fine – and for which
| Compulsory | Tractor | Potential fine |
|---|---|---|
| Bank / fintech / card publisher | Leave, incomplete or false monthly or annual file | € 150 – € 150,000 (art. 199 LGTT) |
| Individual | No under Royal Decree 253/2025 (usual AML/KYC rules still apply) | N / A |
Why proponents of privacy (and bitcoiners) still care
Even without a mandate for pre -notice, the overhaul of Spain means that the Tax Authorities receive detailed, almost -real -time information about every considerable cash movement and almost every card transaction. Groups for civil liberties claim that such mass -data collection reverses the suspicion of innocence, while crypto proponents see it as an advertisement for self -confident digital money.
“When state authorization is needed to access your money, it is no longer your money.” —Alex Recouso, CitizenX
Recouso’s post wrong status, but records a sentiment about Bitcoin Twitter: every new reporting day pushes users into censorship -resistant rails.
Part of a broader EU clamps
The relocation of Spain runs parallel to the design of the EU Anti -Money -Laundering Authority package, which is a PAN -EU Cap of € 10,000 looking for cash payments and mandatory transaction -monitoring APIs. Italy, France and Portugal are already maintaining the subsidy of 3,000 cash limits for commercial payments. The European Commission wants the Final rules established Before the 2026 Amla launch.
Take -away restaurants for Spanish savers – and for crypto -markets
- You can still walk in your branch and purchase € 3,001 tomorrow. Expect questions and ID checks, but no pre -filming duty.
- Your bank – not you – will tell about it In the following monthly file.
- Penalties are aimed at the institution If it hides or delays that data.
- The decree charges turbo -loading a monitoring trend on that wearer -less Peer -To -Peer assets as Bitcoin looks increasingly attractive.
Bottom Line: The Cashban Apocalypse headlines are exaggerated, but the new rules of Spain reduce the remaining bags of financial privacy. Cryptos “be your own bank” story just got a different tail wind – minus the wrong information.
