We have all heard stories about Spanish galleons conquering the lands far beyond their home sands and while mesmerizing, sometimes brutal, still exciting tales of adventure for anyone listening. There is a group of people who have started their travels being inspired by the Spanish before them, alright, enough of the Spanish history, not what you gathered here to do. Blockchain technology has been on the verge of finding regulations even in the more strict countries but what about Spain or their bitcoin regulations? Keep reading to find out about the latest bitcoin regulation news in Spain, exchanges to buy BTC and online gambling opportunities.
Bitcoin Regulations in Spain
Complete regulations for bitcoin in Spain are still quite far away, government officials effort focuses on establishing common grounds for the blockchain currencies regulations in the future. Bitcoin transactions are VAT exempted in Spain. The Spanish government is looking into possibly adding tax to the bitcoin mining operations in the country.
Spanish Bitcoin Exchanges
One of the easiest ways for buying bitcoin in Spain is by doing it through Coinbase bitcoin exchange and trading platform. Keep in mind that this exchange follows KYC regulations and will ask you to verify identity. Coinbase platform is one of the fastest for buying BTC and ETH online, so if you don't mind submitting personal documents then that is your best choice. You can also use BitStamp, CEX.io or Kraken exchange. Spain is one of the few countries that has A LOT of BTC ATM's, and by a lot, we mean like over 7,000 machines. Find nearest one to you via CoinATMRadar search. Peer-to-Peer bitcoin exchanges are a convenient way for an average individual looking to purchases small to medium amounts of bitcoin. Two platforms that you can use are LocalBitcoins and Paxful.
Online Gambling in Spain
Luckily for all of the online gamblers, every form of gambling is regulated and legal in Spain. There are no roadblocks for anyone trying to play games of chance on the internet. Check out our trusted bitcoin casino reviews for finding a good BTC casino!