The Spanish Treasury is preparing a tax reform that will allow digital assets to be used as payment towards debts to the central administration.

Spanish and Finnish regulators independently approved their national fintech companies to develop Euro backed stablecoins. The "digitalization" of fiat currencies is pushed concurrently by CBDC research and by stablecoins.

Financial services giant BBVA has become the latest member of Dalion, a Spanish consortium promoting self-managed digital identity on the blockchain.