From now on, anyone withdrawing €3,000 or more from a Spanish bank must notify the Agencia Tributaria (Spain’s tax agency) in advance. If you’re planning to take out €100,000 or more, you’ll need to give at least 72 hours’ notice. For smaller sums over €3,000, a 24-hour notification is mandatory.
Fail to notify? You risk a fine between 1 per cent and 10 per cent of the amount withdrawn — starting at €600 and climbing up to a massive €150,000, depending on the seriousness of the violation.
so disappointed in Spain, i'd expect it from Germany, but not good old Spain
why not? Spanish
InquisitionHacienda is worse than the IRS.they definitely are the worst tax authority in Europe, by a long shot. I would expect even worse from Spain. There's nothing "good" about old Spain. The general people are awesome and the nature is amazing - but that's where it ends.
No need to withdraw your own cash if you never give it to the bank in the first place.
Also, hilarious that they are doing this just after nationwide power outage stopped all electronic payments.
good point!
If you put your money in a bank, it's no longer your money.
The audacity! In a few years even that 800€ will have inflated to a fairly small amount of cash value.
ouch, "grasping at straws" it seems... Old continent is just, well old. You don't change, you die... Your call Spain!
All hail cbdcs!
Some time ago, the same happened in Australia...I remember watching some videos about it, a client in a bank office saying that he will use HIS money on drugs or prostitutes...The face of the bank staff was priceless.
Note that prostitution is legal in Australia.
democratic Europe, my ass
Europe continues to go backward
Great step forward for Bitcoin adoption!
they thought about it too #970147
Give to Caesar's what is Caesar's, and to Satoshi what is Satoshi's!
If it's in the bank it's not yours but the banker's money.