This is how you can invest in crypto without having to comply with the new re...

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The new Spanish law to combat fraud greatly complicates the task for those who invest in cryptocurrencies . On the one hand, any capital gain or loss must be declared in the Income Tax and on the other hand, the cryptocurrencies that we have in foreign exchanges must be declared in form (it remains to be seen if it will be based on a specific amount).

Therefore, it is interesting to know alternative ways to invest in cryptocurrencies in Spain that simplify the paperwork . Indirect investment is the way but you have to be careful because not all indirect investment is exempt from having to comply with bureaucratic obligations.


Invest in investment funds with exposure to cryptocurrencies
The first and simplest option is to invest in investment funds that have exposure to cryptocurrencies. If what we want is to directly invest a specific amount in crypto, it is certainly not our option, since inve  Bulgaria Email List   stment funds have regulations on diversification and there cannot be a fund that, for example, invests % in Bitcoin .



In Spain, the CNMV has authorized investment funds to invest in cryptocurrencies (through derivatives) for a few months and it will not take long for funds to do so to emerge. Right now there are only funds that do it indirectly, with investments in companies that have a certain exposure , such as Numantia Patrimony Global .

Abroad there are funds that invest in cryptocurrencies but investing in them would not free us from having to do paperwork , since if the balances exceed , euros we would be obliged to declare form , form D and of course to fill out by hand the data on capital gains and losses in the case of divestment.

Invest in stocks with exposure to the price of cryptocurrencies
Another option is to invest in companies that have exposure to the price of cryptocurrencies. This is a classic investment strategy. For example, many investment funds that want to have exposure to gold invest in gold mines: their price evolution is similar to the price of the metal but with greater liquidity and through a conventional financial instrument .

Bitcoin micro-futures for small investors: an affordable way to invest in crypto, but with a lot of risk
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Bitcoin micro-futures for small investors: an affordable way to invest in crypto, but with a lot of risk
The advantage, furthermore, of this type of indirect investment is that by choosing a competitive or outstanding company, the investment may even be better than directly in crypto.

Examples of companies that have a correlation with cryptocurrencies are exchanges like Coinbase or payment platforms that accept cryptocurrencies like Square. If you invest from a Spanish broker, you do not have to do paperwork with the Treasury except in the case of sale , but you have to be careful if you use an online broker that operates in Spain from abroad (such as Degiro or eToro): if you have shares in the Abroad, you not only have to fill out form if you exceed , euros abroad, but also fill out form D every year explaining the specific positions you have.