concerning to buying and selling cryptos, I would like to know if you 2gether are going to inform Spanish Authorities in matter of taxes. I mean if no, we all should write it down each and every crypto operation in order to be able to declare gain/loss at the end of the economical year in the well known spanish IRPF.
If you are using the profit to buy something with the card then you don't need to report to the Spanish TAX authority. On the other hand, if you are cashing out EURO via ATM, you are depositing EURO to your bank account or you buy and sell crypto you should report it. I another word if you use crypto like you could use Dollar then you don't need to report it
Well.. I do not agree. Imagine you buy 10 eur in BTC, you store them in your wallet and after one week you use them to buy a 11 eur thing paying with the card because BTC value has risen. So you have gotten 10% profit, so you have to pay taxes for that, in the case of Spain, 19% so 0.19.
Am I wrong?
Of course, each country is sovereign and could have local rulings or even laws that could differ from this, but this is the general rule that we can share with the clients.