Frequently asked questions about Form 721 (HTML)

When is a virtual currency considered to be located abroad?

Virtual currencies shall be deemed to be located abroad when the person, entity or permanent establishment that holds them and provides services to safeguard private cryptographic keys on behalf of third parties, to maintain, store and transfer said currencies, is not required to submit the information obligation referred to in section 6 of the Thirteenth Additional Provision of Law 35/2006, of November 28, on Personal Income Tax and partial amendment of the laws on Corporate Tax, Non-Resident Income Tax and Wealth Tax.

In the following interactive query of the Bank of Spain, you can consult the location of the providers of virtual currency exchange services for fiduciary and/or custody of electronic wallets registered with the Bank of Spain:

Registry of Entities (bde.es)