Cryptocurrency Advisor in Spain - Vicox Legal

Picture of Fernando Tesón de Troya

Fernando Tesón de Troya

For some years now we have seen how the figure of the cryptocurrency advisor has been growing in two ways, professionals with years of experience in the tax field and who are integrated with knowledge in the Blockchain and Digital Assets ecosystem and, on the other hand, professionals with training in the field and preparation in taxation and law, but with little experience. It is not easy to see that five years ago we were very few who provided this service and that with the advent of general adoption there are more and more providers of these services.

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All this is due to the very nature of the sector, a blue ocean for many of the professionals we are talking about. Increasingly accepted and with more versatility and options when preparing the taxes generated by investments in cryptocurrencies. It does not fit in this article to talk about some "experts" in the field who have grown in networks and have taken advantage of the ignorance of many of its users or the lack of information by public institutions to create a parallel and contrary truth, in many cases to the current regulations. These professionals, moreover, lack the appropriate training or the minimum preparation required to provide real value to the community.

The truly important thing about this growing proposal of services is the enrichment of the ecosystem itself, with alternatives of all kinds for those interested and options that can be adapted precisely to their real needs, which makes even more important and real the growth of this sector as a full reality and that it is not a simple revolution or speculation but a new system that is here to stay.

The tax advisors sector has seen this reality as an opportunity to expand its client portfolio and knowledge in the field, which has led to the rapid positioning of many companies and individuals providing these services. What we are experiencing is the transition from a niche business to a commodity.

In a few years we will see that these professionals offer these services within a wider range of services and that from a few we will have options throughout the Spanish territory and in many more companies and professionals than the current ones.

In addition, the growing wave of professionals of this nature can help the Administration and the Treasury to adjust the confiscatory eagerness to the reality of investors and, above all, to their needs. It is an addition to the community to be able to continue with the purpose and objective of the same in order to use technology as an alternative source of financing of or from the financial system itself.

The ecosystem is being enriched with prepared professionals who contribute to its growth in an orderly and efficient manner, which is all the more reason to be grateful and motivated within the cryptocurrency ecosystem community.

Vicox Legal | Cryptocurrency Advisor

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