Country guide for Spain. Also read the general guide to accepting crypto into a non-custodial company wallet , browse the EU crypto-payments hub, and see all country guides.

Can a Spanish Company Accept Cryptocurrency Payments?

Yes. A Spanish company can generally agree to accept a cryptoasset as consideration for its own goods or services.

This guide focuses on direct receipt into a non-custodial wallet controlled by the merchant. It does not cover a processor that takes custody, exchanges funds or settles payments for third-party sellers.

The company must record the sale, VAT and cryptoasset in euros and preserve evidence connecting the customer, invoice, corporate wallet and blockchain transaction.

MiCA and the Spanish Authorisation Perimeter

Spain's MiCA transition ended on 30 June 2026. The CNMV states that from 1 July 2026 only providers holding the required authorisation may provide regulated cryptoasset services in Spain.

MiCA services include custody for clients, exchange, operation of trading platforms, execution or transmission of orders and transfer of cryptoassets on behalf of clients. Directly receiving an asset as payment of the merchant's own invoice is not listed as a cryptoasset service. That conclusion is based on the defined activities and must be reconsidered if the merchant also acts for others.

Official sources: CNMV — MiCA Regulation in Spain, EU MiCA Regulation.

When Does the Model Become Regulated?

Obtain a specific authorisation analysis if the company:

receives crypto before forwarding it to another merchant;
exchanges cryptoassets for customers;
controls client wallets or private keys;
transfers crypto on behalf of customers;
operates a marketplace with internal customer balances;
provides brokerage, order execution or a trading venue.

The decisive issue is what the business actually does with customer value, not whether the website calls the wallet “Web3” or “non-custodial.”

Spanish Tax Records and Modelo 721

The Spanish Tax Agency's guidance contains an important distinction for self-custody. Its Model 721 FAQ says cryptoassets in wallets where the owner controls the private keys are not treated as being held by a foreign custodian and are not included in that foreign-crypto reporting calculation.

For Spanish legal entities, the same guidance also emphasises individualised accounting records identifying the cryptoasset, its value, custodian and relevant country or territory where applicable.

The self-custody treatment does not remove normal corporate accounting, Corporate Income Tax, VAT or other information obligations. It is specifically relevant to the scope of Model 721.

Official sources: Spanish Tax Agency — Model 721 Scope and Self-Custody, Model 721 Exceptions.

VAT and Corporate Accounting

Paying in crypto does not change whether the underlying goods or services are subject to Spanish VAT. The invoice and VAT records should show the euro taxable amount and applicable rate.

The company should recognise commercial revenue for the goods or services and separately record the cryptoasset received. A later sale, exchange or use of that asset is a separate accounting and tax event.

For every payment, preserve:

customer and supply information;
invoice number and euro value;
VAT base, rate and amount;
token, smart-contract address and network;
units, timestamp and transaction hash;
rate source and methodology;
receiving wallet and authorised signers;
later disposal and fees.

Official sources: Spanish Tax Agency — VAT Accounting Records, CJEU Case C-264/14.

EU Travel Rule for a Spanish Company Wallet

Where an exchange or another CASP is involved, EU Regulation 2023/1113 requires transfer information. For transfers above EUR 1,000 between a CASP and its client's self-hosted address, the CASP must assess whether the client owns or controls that address.

A merchant may therefore be asked for a wallet signature, small verification transaction or corporate ownership documentation. This is not a ban on larger direct payments.

Official source: EU Transfer of Funds Regulation.

How to Use Invoiceum in Spain

Invoiceum.com can help create the evidence trail for a direct corporate-wallet payment.

A Spanish crypto invoice should contain:

Supplier's legal name, address and NIF.
Customer details and tax number where required.
Sequential invoice number and issue date.
Description and date of the supply.
Euro taxable base, VAT rate and VAT amount.
Cryptoasset, contract address, network and company wallet.
Rate source, quote expiry and required confirmations.
Refund and wrong-network terms.

After receipt, link the Invoiceum invoice to the transaction hash, timestamp, euro value and accounting entry. Keep evidence that the legal entity controls the wallet.

Invoiceum does not by itself determine whether Model 721 or another reporting form applies, and it should not be presented as a CNMV-authorised CASP unless current legal documentation expressly supports that status.

Recommended Spanish Workflow

Confirm that the payment is for the merchant's own supply.
Approve the token, smart contract and network.
Establish and document corporate control of the wallet.
Issue the invoice in euros with the correct VAT treatment.
Provide precise payment instructions through Invoiceum.
Complete proportionate customer, sanctions and wallet screening.
Reconcile the receipt and euro valuation.
Review Model 721 and other information returns with the company's adviser.

Frequently Asked Questions

Does a Spanish merchant need a CNMV licence to accept Bitcoin?

Not generally when it receives Bitcoin solely for its own goods or services. Custody, exchange, client transfer and similar MiCA services require separate analysis.

Must a self-hosted company wallet be reported on Model 721?

The Spanish Tax Agency says assets in a wallet where the owner controls the private keys are not treated as held by a foreign custodian for Model 721. Other tax and accounting duties remain.

Does crypto payment remove Spanish VAT?

No. VAT follows the underlying supply and must be documented in euros.

Can an exchange ask the company to prove wallet ownership?

Yes. EU transfer rules require verification measures for certain transfers above EUR 1,000 involving a CASP and its client's self-hosted address.

What does Invoiceum add?

It links the commercial invoice and payment instructions with the on-chain receipt. Tax forms, licensing and final accounting remain the company's responsibility.

Official Sources

This page provides general information and is not legal, tax or accounting advice.

Related country guides

Last reviewed: August 2026.