Spain Ends Anonymity at Crypto ATMs, Expands Fund Controls
- —ID checks mandatory for all crypto ATM operations, exemption threshold removed
- —Electronic identification data must be kept for 10 years
- —High-risk non-profits must register donors for transactions above €1,000
- —Small entities get nine months to notify supervisors
Why it matters: Spain tightens AML oversight of crypto transactions, cutting anonymity and raising compliance costs for ATM operators.
Source: BeInCrypto ES