Spaniards' savings have never been more at risk than they are now. The greedy economic crisis and the arrival of the digital euro are threatening their financial security. But today, the new element warns Spanish citizens of an imminent fine of 150,000 euros, for failing to notify them of cash withdrawals of more than 3,000 euros 24 hours ago.
The assertions that assured the new measures by the Spanish government quickly spread across social networks, creating confusion and alarms. However, lawyer Chris Carrascosa has recognized experts in financial and cryptographic regulation; He rejects the information, finds it “completely wrong” and makes the current law clear..
The controversy came after the publication of user Alex Recuoso (@Alexrecouso) on May 9, warning that it was considered Spain's “European capital management,” leading to the alleged bankruptcy of the European Union. The tweet reached a prominent virus, with over 44,000 visualizations accumulated.
Given the spread of this data, lawyer CRIRASCOSA (@carrascosacris_) intervened to identify the facts as he defined himself as “the first critic of the Spanish tax agency.” “I don't know where this came from, but it's totally wrong,” he said on his X account (formerly Twitter). «Let's clarify things: No. There is no obligation to notify citizens of cash withdrawals. no. The fine is not 150k (for citizens) ».
Legal experts explained that the confusion could lead to anti-Parliamentary regulations (AML), which are commonly spoken internationally. “Yes. There are regulations around the world regarding money laundering (AML) that force banks to let them know about client withdrawals. They have a fine of $150,000 (or euros, for breeds that do not comply))«.
In response to another user, Bitspiral (@bitspiral), he made it clear that he could consult with the client about withdrawals over 3,000 euros and discuss the subsequent communication with the tax authority of this information. Fines are never for the citizens. The bank's obligation to report is part of the regulations that apply in over 100 countries and I will not see jailed Cen-style tweets ».
Carrascosa concluded that the original tweet was “technically intentionally misrepresented,” urging the community to be strict. He recognizes the criticisms being made against the Tax Bureau, but lawyers emphasize the importance of technical accuracy in addressing these issues.
However, tax agencies emphasize that cash is one of the main means of concealing illegal activities, and therefore believe it is essential to increase distribution control to ensure transparency and legality of economic transactions.
Therefore, the idea of limiting cash is something that has been processed in Spain for several years, as reported by encryption at the time.
There is nothing that the organisms do not consider Benefits granted by being able to pay in cash. Using this method, Spaniards hold a formula that is easily illuminated in their hands, making them easy to carry and useful in the event of a failure of light or electronic systems. Residents also have resources they use to make anonymous purchases.
Silent Control: Towards the Future of Structural Surveillance?
In addition to the possibility of cash management, Spaniards and other European residents must prepare for the arrival of the Digital Central Bank (CBDC), which is presented as a financial revolution. They promise efficiency, inclusion and modernization, but behind this optimistic narrative there is a disturbing possibility hidden.
According to economic analyst Marc Vidal, CBDC is not only a technological evolution; A tool that can turn money into a socially controlled instrumentL, restricts individual autonomy and strengthens structural monitoring systems.
As Vidal points out, central banks, including the European Central Bank (ECB), have argued that CBDCs such as the digital euro are not programmable. However, practical evidence denies this statement.
This is demonstrated by the Thai Digital Wallet Program, launched in August 2024. This is a paradigmatic case. Designed as an economic stimulus, the program distributed 45 million citizens to 10,000 baht (approximately $280) but has conditions that limit economic freedom.
That's in itself Already revealing controllability of CBDC Distributed funds expire in six months, forcing immediate consumption and eliminating the possibility of savings. Furthermore, money can only be spent on local shops within a 4km radius of the user's registered address, limiting economic mobility and reminiscing “a 15 minute city.”
This adds restrictions on categories that prohibit online purchases, such as alcoholic beverages, cigarettes, accidental games, and debt payments, and government-defined categories limits spending. Total traceability with QR code or 13-digit card and exclusive authentication with registered shop exclusive guarantees and consolidates full monitoring of each transaction A system that prioritizes controlling financial autonomy.
The CBDC represents not just a technological innovation, but a turning point in national and citizen relationships. As John Stuart Mill warned in 1859, Government management can be a oppression tool. History is shown in small steps, not in sudden loss of freedom, but in small steps, accepted under the promise of comfort and safety.
In other words, the digital euro can integrate another fact that each transaction is in the profile of the citizens on which it is guarded: a structural surveillance system. Given that danger, Mark Vidal states, “It's time to wake up, ask questions, and resist, so we guarantee that money is not a tool of control, but a tool of freedom.”
