Spanish Crypto Adoption Increases, But Tax ‘Chaos’ Looms

cryptonews.com:

Crypto adoption appears to be on the rise in Spain – but as tax season approaches, some have warned that failure to comply with the Treasury’s tax-related rulings could prove costly for newer and more seasoned Spanish crypto investors alike.

A recent report from the Association for Media Research (AIMC), a group comprising media outlets, production companies, and digital agencies, claimed it had surveyed over15,600 Spanish web users on their crypto-related activities.

The body announced that almost 13% of respondents stated that they owned tokens – a rise of some 50% on 2021 figures.

Almost 13% of those who said they owned crypto also said they had used tokens to make payments in the past 12 months, with six in ten transactions of that number being crypto purchases. Over a third of the crypto owners said they had sold coins in the past year.

However, as the survey was conducted online, the figures may not be truly representative of the general public.

The link between Spanish football and crypto adoption continues to intensify. FC Barcelona, whose board has reportedly rejected the idea of striking a shirt sponsorship deal with a number of crypto exchanges, remains crypto-keen.

El Financiero reported that the club’s President Joan Laporta had talked up the potential of non-fungible tokens (NFTs) and crypto at the Mobile World Congress (MWC), the world’s biggest mobile phone conference, held annually in Barcelona.

MWC wrapped up earlier this month, but Laporta spoke of the club’s intention to launch a range of NFTs, as well as a cryptoasset (in addition to the club’s existing fan token). He claimed that blockchain technology could help add value to the club’s outreach to fans. Laporta claimed that the club wanted to become