🚨 Viral misinformation alert! A recent post claimed that Spanish citizens must report cash withdrawals over €3,000 to the tax agency in advance, warning of fines up to €150,000 for non-compliance. 😱💸
However, Spanish cryptocurrency and accounting experts have debunked this claim, clarifying that it likely stems from a misunderstanding of anti-money laundering (AML) regulations that apply to banks, not individuals. 🏦❌
@CarrascosaCris_, CEO of ATH21, emphasized the inaccuracy of the information, stating, "I don’t know where this came from, but it's totally incorrect." She confirmed there’s no obligation for citizens to report cash withdrawals and no hefty penalties for failing to do so.
Tax expert @jabravo also criticized the spread of this false information, calling it "profoundly stupid" to use fake news to promote cryptocurrency.
Let’s keep the facts straight! What are your thoughts on this situation? Let us know below! 👇
A question I am pondering this morning:
Altcoins were max compressed, and like a ball being held under water for too long, at some point, the ball would have to fly up in the air at rapid speed. Eventually, the ball has to come down, but is this the start of the generational bull run, or was it simply just a brief taste of 2021?
ETH Surpasses $2500
#ETHCrossed2500
The Pectra upgrade has introduced a series of technical improvements aimed at enhancing the user experience on the Ethereum network. Key highlights include account abstraction, Verkle trees, advanced staking options, and the ability to pay gas fees using tokens.
Following the update, ETH's price gained momentum and climbed above the $2,500 level.
Nick Tomaino, founder of 1Confirmation, suggested that ETH could surpass BTC.
Could this upgrade and such statements mark the beginning of a new era for Ethereum?
RED STORM HITS #ALTCOINS !
Markets are cooling off major alts like CRV (-3.1%), $TIA (-2.1%), PI (-2.1%), and $GALA (-1.9%) are flashing red, signaling profit-taking or temporary dips.
LIGHTS OF HOPE STILL GLOW!
Some resilience spotted $VIRTUAL (+1.1%), BGB (+0.3%), and a few microcaps remain green, showing signs of strength amid broader correction.
{spot}(VIRTUALUSDT)
{spot}(GALAUSDT)
{spot}(TIAUSDT)