Next Thursday, October 16, 2025, the Spanish Chamber of Deputies will debate and vote on an amendment submitted by the Vox party to reject and return to the government a bill to replace the European Union’s Eighth Administrative Cooperation Directive (DAC8), which would strengthen surveillance and allow the seizure of Bitcoin (BTC) and other digital assets in Spain.
The Spanish political party Vox claims that the initiative could hide “tax reforms” hidden by unrelated amendments to the original text, which would allow the PSOE (Spanish Socialist Workers’ Party). Manipulate the legislative process to introduce tax changes It has nothing to do with European directives.
This regulation is in line with the Organization for Economic Co-operation and Development’s Crypto Asset Reporting Framework (CARF) and aims to strengthen financial controls over digital asset transactions and balances.
Its purpose is to facilitate the automatic exchange of information between authorities. all this Allows seizure of Bitcoin and other digital assets It will be applied by the Tax Agency (Ministry of Finance) in the case of tax debts and will be compulsory from 2026.
The law promotes regulatory changes to strengthen reporting obligations for crypto asset providers and strengthen control over foreign assets, including balances. The bill would amend up to four Spanish laws, Spanish media outlet Bolsamani reported.
In that sense, the opposite is vox Highlights concerns about privacy and overregulation in the digital asset spaceamid increased international scrutiny to combat tax evasion.
Esteban Rivero, a financial and tax expert known as CeroUno en X, told CriptoNoticias: “DAC8 is a European directive and there is no escaping it.” “Ultimately, it is the European Union member states themselves who are obliged to replace this directive,” he explained.
Rivero said that if Spanish users hold Bitcoin and cryptocurrencies on foreign exchanges like Ireland’s Kraken, Information “will reach the Spanish Ministry of Finance.” Via the Irish Revenue Service. This information flow is extended globally through CARF.
Experts such as José Antonio Bravo point to the fact that the Ministry of Finance could seize funds in digital assets already deposited with service providers. However, the transposition of the DAC8 shows that the supplier cannot refuse, only reaffirming its installability.
Bravo added that DAC8 aims to “limit the anonymity of Bitcoin and cryptocurrency transactions to avoid tax evasion.” European Union member states have until December 31, 2025 to adapt their regulations.
