If a Martian landed in Madrid last Tuesday, its first question wouldn’t be “Where’s the paella?” but rather, “Why can’t I take out cash unless I fill in form 42-A/WhyAreHumansLikeThis?” Such is the level of confusion after social media claimed, with the confidence of a waiter who’s just spilled a tray, that the Spanish government is watching your cash withdrawals with Big Brother-like enthusiasm.
Experts: Breathe Deeply, Spanish Citizens! Nobody Wants a Play-by-Play of Your ATM Habits
Just because a financial ‘fact’ spreads faster than jamón at a family picnic doesn’t make it true. According to a recent viral post, Spanish citizens allegedly need to report to the tax office before withdrawing anything over €3,000 (which, to be honest, buys about half a sandwich these days in some trendy barrios).
The saga didn’t end there: threats of fines up to €150,000 had people picturing SWAT teams crashing into birthday parties over a suspicious envelope of euros. Crypto enthusiasts took this as a sign from the universe that they alone hold the wisdom of the ages—and maybe a little too much free time.
Unfortunately for everyone’s adrenaline levels, local crypto and tax experts calmly pointed out the viral facts were as accurate as the average weather forecast for Pluto. Turns out, the only way a regular Spanish citizen gets that kind of penalty is if they mistake a bank vault for a salad bar.
Enter Cris Carrascosa, CEO of ATH21 and a lawyer specializing in figuring out what’s real in blockchain and what’s just someone’s fever dream.
If this rumor had any less truth, it might loop back around and become metaphysically true just by existing. I honestly have no idea who started this turkey of a rumor, but rest assured: it’s all nonsense. I routinely disagree with the tax agency myself, but facts are facts. (Even if they’re annoying to admit.)
Cris went on to say that there is, in fact, no requirement for regular folks to report cash withdrawals—not even if you’re withdrawing enough to fill a small inflatable pool—and there’s definitely no €150,000 “because you forgot to mention it” fine. Banks, on the other hand, do have to show their homework to the authorities thanks to AML rules. If banks get lazy, that’s when those terrifying fines come crashing in, not when Grandma takes out her bingo money.
Meanwhile, Jose Antonio Bravo, a tax savant with a soft spot for bitcoin (and presumably for sanity), was quick to point out that using fake news to promote crypto is roughly as useful as a chocolate teapot. In his words, spreading such exquisite nonsense without even stopping to fact-check is “an exercise in intelligence”—the kind that would impress neither your mother nor an actual intelligence test.
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2025-05-11 12:01