$BTC - Inspections by the Tax Agency of Spain against bitcoin users begin.

The Spanish Tax Agency has initiated a series of inspections aimed at bitcoin (BTC) users and other cryptocurrencies, marking a new chapter in its fight against tax evasion. This move, which is already causing a stir among investors, is based on the cross-referencing of data obtained from third parties, such as cryptocurrency exchanges, which must now report their users' transactions under strict European regulations.

Cristina Carrascosa, a lawyer specialized in cryptocurrencies and a prominent voice in the sector, alerted through her account on X about the tax offensive: "The Tax Agency is targeting all non-prescribed years, from 2020 to 2023, not only for the Personal Income Tax (IRPF) but also for the Wealth Tax."

Carrascosa, who has been advising in this field for over a decade after discovering Bitcoin in 2012, emphasized that taxpayers must regularize their situation to avoid severe penalties.

The Spanish government, thanks to tools like Models 172 and 173 implemented since 2024, now has detailed knowledge of the balances and value of each currency, as well as the cryptocurrency transactions made by investors, as reported by CriptoNoticias.

The regulations require centralized exchanges to report transactions, allowing the Tax Agency to cross-reference data with taxpayers' tax returns. Furthermore, the recent full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA) in 2025 has standardized the supervision and taxation of cryptocurrencies, facilitating this type of inspection.

The inspections focus on two main fronts. On one hand, the Tax Agency seeks to ensure that capital gains derived from cryptocurrency transactions – such as purchases, sales, exchanges on exchanges, or transfers to wallets – have been declared in the IRPF. In Spain,