🇪🇸 In Spain, a crypto trader was presented with a tax bill of €9,000,000 for a standard DeFi operation — locking assets as collateral for a loan.
Essentially, this was a technical operation without profit realization, but the tax office (AEAT) after 3 years reassessed the tax, considering the movement of assets as 'realization of economic benefit'.
Lawyers find the situation extremely absurd.
