
Bitcoin.com News|May 11, 2025 08:32
🚨 Viral misinformation alert! A recent post claimed that Spanish citizens must report cash withdrawals over €3,000 to the tax agency in advance, warning of fines up to €150,000 for non-compliance. 😱💸
However, Spanish cryptocurrency and accounting experts have debunked this claim, clarifying that it likely stems from a misunderstanding of anti-money laundering (AML) regulations that apply to banks, not individuals. 🏦❌
@CarrascosaCris_, CEO of ATH21, emphasized the inaccuracy of the information, stating, "I don’t know where this came from, but it's totally incorrect." She confirmed there’s no obligation for citizens to report cash withdrawals and no hefty penalties for failing to do so.
Tax expert @jabravo also criticized the spread of this false information, calling it "profoundly stupid" to use fake news to promote cryptocurrency.
Let’s keep the facts straight! What are your thoughts on this situation? Let us know below! 👇
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