Spain to introduce strict cash controls with €150K penalty for noncompliance ⋅ Crypto World Echo
Spain should introduce some of the most difficult cash controls in Europe, with a penalty of € 150,000 to have failed to report cash withdrawals of more than € 3,000 with a notice of at least 24 hours. In a direct aggression against the financial life of its citizens, under new rules in force within the framework of the Royal Decree 253/2025, the Spaniards must officially notify Tax authorities before accessing their own money.
They must also indicate the amount, the aim and the beneficiary of the withdrawal, in a clear example of the Orwellian surveillance company which settles in Europe. Banks are required to block withdrawals if documents are missing and report suspicious or frequent transactions, which means that even repeated withdrawals below the threshold could invite a meticulous examination or penalties.
The failure to comply can train fines From € 600 and in climbing to an eyewitness of € 150,000 depending on the severity of the violation. The measures are part of a broader government strategy to combat tax fraud, money laundering and the financing of terrorism, but their scope goes far beyond criminal activity. Ordinary citizens making significant or repeated cash withdrawals may be treated as potential suspects, their cash movements entirely traced by the State.
These controls represent a dangerous expansion of Spanish state surveillance. By forcing citizens to request permission to access their own funds, the government effectively erodes the concept of private property and financial autonomy.
CEO of Citizenx Alex Recouso poster::
“When state authorization is necessary to access your money, it is no longer your money. The EU is bankrupt and will try to enter your assets. ”
Bitcoin personality Peter McCormack replied::
“F ** k this totalitarian bullshit. We need a revolution in the West.”
Increasing state foray into the continent
The trend is not isolated in Spain. Throughout Europe, measures similar to cash controls are being introduced or consideration. Italy and France have already imposed strict limits on cash transactions, while the European Union actively explores Continent's scale caps And declaration requirements as part of its anti-money laundering directives.
The World Economic Forum has also recommended For greater financial transparency and digital monitoring, normalize more change to an economy without species and fully monitored and act as one of the best marketing for bitcoin and decentralized digital assets.
Unlike species held in a bank, Bitcoin allows users to move and store the unanswered value of the state or the risk of arbitrary restrictions, offering a means of preserving financial freedom, privacy and cash controls in an increasingly monitored world.
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