BTC $66,842.00 (+0.79%)
ETH $1,943.27 (-0.13%)
XRP $1.40 (-1.06%)
BNB $606.12 (+0.35%)
SOL $82.24 (+1.15%)
TRX $0.28 (+2.30%)
DOGE $0.10 (-0.32%)
BCH $561.12 (+1.04%)
ADA $0.27 (-0.17%)
LEO $8.68 (+1.81%)
HYPE $28.91 (+0.98%)
XMR $334.77 (+1.66%)
LINK $8.53 (-0.41%)
CC $0.16 (-4.99%)
XLM $0.16 (-1.92%)
RAIN $0.01 (+0.85%)
ZEC $262.65 (-0.37%)
HBAR $0.10 (-1.75%)
LTC $52.62 (-0.96%)
AVAX $8.90 (+0.62%)

Spain vs Ukraine

Crypto regulation comparison

← Back to map | Spain | Ukraine
Spain

Spain

Ukraine

Ukraine

Legal
Legal

Cryptocurrency is legal and increasingly regulated in Spain. Crypto capital gains are taxed at progressive savings tax rates (19-28%). Spain was an early mover in requiring crypto advertising to be pre-approved by the CNMV. Since 2024, Spanish taxpayers must report overseas crypto holdings via the Modelo 721 form. Banco de España registers VASPs for AML compliance. MiCA applies from December 2024.

Ukraine passed the 'On Virtual Assets' law in 2022, establishing a legal framework for crypto. The NSSMC is designated as the primary regulator for virtual assets. Crypto gained significance during the Russia-Ukraine war, with Ukraine receiving over $100 million in crypto donations. Tax rules specify 18% income tax plus 1.5% military levy on crypto gains. Full implementation of the regulatory framework has been delayed due to the ongoing conflict.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 19-28%
Tax Rate 18% + 1.5% military levy
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CNMV (Comisión Nacional del Mercado de Valores), Banco de España
Regulator NSSMC (National Securities and Stock Market Commission), NBU
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules Under development in virtual assets legislation
Key Points
  • Crypto gains taxed at savings rates: 19% (first €6,000), 21%, 23%, 27%, 28% (above €300,000)
  • Modelo 721: mandatory declaration of overseas crypto holdings exceeding €50,000 (from 2024)
  • CNMV requires pre-approval of crypto advertising targeting Spanish residents
  • Banco de España maintains VASP registry for AML compliance
  • Spain has a large crypto-using population; significant expat and digital nomad community
Key Points
  • Virtual Assets law passed in 2022, establishing legal status for crypto
  • NSSMC designated as primary regulator for virtual assets; NBU handles stablecoins
  • 18% personal income tax + 1.5% military levy on crypto gains (19.5% total)
  • Over $100M in crypto donations received during Russia-Ukraine war
  • Full regulatory implementation delayed due to ongoing conflict
Sources
Sources