According to CriptoNoticias, Spain's National Tax Administration Agency (AEAT) updated its FAQ on September 28 regarding the overseas crypto asset information reporting form (Modelo 721). It clarified that self-custodied cryptocurrencies, where the private keys are fully controlled directly by the holder, are not subject to this reporting requirement. Under the rules, two key conditions must be met to trigger the Modelo 721 reporting obligation: first, the private keys must be entrusted to a third-party custodian; second, the custodian must neither be a Spanish tax resident nor have a permanent establishment within Spain. Additionally, only if the total value of crypto assets held abroad exceeds €50,000 as of December 31 each year, are relevant tax residents required to submit this informational report between January 1 and March 31 of the following year. https://www.(wublock123.com)/news/spain-tax-agency-self-custody-crypto-not-modelo-721-69169