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Spanish Crypto Investors 'Fleeing to Portugal to Escape Taxes,' Say Lawyers

Increasing levels of scrutiny from the Spanish taxman are forcing Spaniards to flock to Portugal – or at least declare their legal residence of their Iberian neighbor nation. And it is a phenomenon that could one day turn Spain into what legal experts have called a “crypto desert.”
Belzuz Abogados Teresa Novo Luisa Cinca Spanish Crypto Investors Escape Taxes Insider Spain

'Spanish Robinhood' boosts its user base by 500% after GameStop fever

split , only to rotate to other companies soon after, and now you dont," he begins. "At present you see that there are people who invest their money in those opportunities, but stay with them... In fact, I would tell you that 85-90% of our investors are focused on the long term," he stresses. And what is the user profile like on a platform such as Ninety Nine, which can give clues as to what is happening on the stock markets? Sanz specifies that the average account would be around €1,200 to...
United States Javier Sanz Elon Musk Business Insider Ninety Nine Insider Spain

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