An analysis of the crypto economy from the point of view of tax law

Abstract

The crypto economy is a new technic-economic concept that is emerging thanks to recent technological developments such as blockchain. It allows the establishment of new large-scale collaborative environments based on decentralized systems. Even so, in the same way as the traditional economy, this new economic paradigm is also subject to tax directives and laws. In this article, therefore, we review some of the opportunities that the new technology provides, from the point of view of tax. The aim is to determine in which cases incomes are subject to taxation or not, in all cases according to Spanish legislation and doctrine.