Spain · Updated 04.13.26
Privacy coins in Spain
In Spain you can buy Zcash through MiCA-licensed exchanges. Monero is not available on regulated Spanish platforms. Spanish crypto reporting is famously detailed: gains taxed as savings income on a sliding scale from 19% to 28%, plus mandatory Modelo 721 declaration for foreign crypto holdings above €50,000. Penalties for non-reporting are steep.
Your two options
Zcash (ZEC)
Available on local exchanges
Yes, you can buy Zcash in Spain through licensed exchanges.
Read the Zcash guide >
Monero (XMR)
Limited availability
Monero is not available on regulated Spanish exchanges.
Read the Monero guide >What to know
Spain has detailed crypto reporting requirements: residents must declare foreign crypto holdings exceeding €50,000 on Modelo 721. Crypto gains are taxed as savings income on a sliding scale from 19% to 28%, with the top bracket applying to gains above €300,000. Non-reporting carries significant penalties. For ZEC buyers, expect the authorized exchange list to narrow through 2026 as firms complete CASP authorization. Monero is not practically available through MiCA-regulated channels. Work with a Spanish tax advisor if you hold non-trivial amounts.
Regulatory detail
MiCA regulated, CNMV oversight under Law 6/2023, Bank of Spain involved in prudential aspects. CASP authorization deadline July 1, 2026 (Spain targeted completion December 31, 2025).