Form 721

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Spain exempts self-custodied bitcoin from foreign asset disclosure rules●SPAIN CONFIRMS SELF-CUSTODIED BITCOIN AND CRYPTO ARE EXEMPT FROM FOREIGN ASSET DISCLOSURES Spain’s tax authority says as𝕏xES24854 min ago
Spain's tax authority has confirmed that bitcoin and other crypto held in self-custody do not need to be reported on Form 721, the disclosure form for foreign assets. The exemption applies as long as the taxpayer controls the private keys, whether the assets are stored on hardware wallets or other cold storage. Crypto holders and tax observers are welcoming the clarity, saying it confirms that assets investors fully control themselves fall outside Spain's foreign asset reporting regime.