Important: This content is general information only and is not tax or legal advice. Your personal tax situation depends on your individual circumstances. Please consult with a qualified tax advisor in your country.
Why does Ledn need my tax residence and, if applicable, my tax ID information?
As a registered Virtual Asset Service Provider (VASP) in the Cayman Islands and Spain, Ledn is required to collect certain tax information from its clients to comply with its obligations under applicable crypto reporting regimes in these jurisdictions, including Spain’s reporting rules for virtual currencies and the Organisation for Economic Co-operation and Development (OECD)’s international Crypto-Asset Reporting Framework (CARF). This information collection is a standard requirement for regulated VASPs and helps ensure Ledn can continue operating compliantly across all jurisdictions. Your information is handled securely and only used for regulatory compliance purposes.
Here's what we collect and why:
Tax Residence Country - We're required to collect this information for all clients as part of our regulatory obligations.
Tax ID Number (only if applicable) - For clients who are tax residents in countries that are participating in the OECD’s Crypto-Asset Reporting Framework (CARF), we're also required to collect your tax identification number.
What information does Ledn have to report under these crypto reporting regimes? Regulatory reporting includes account information and platform activity for each relevant tax year only. No historical data from previous years will be reported.
How and when is this information reported?
● For Spain tax residents: For clients of Ledn EEC SL, we'll begin reporting to Spain’s Agencia Tributaria for the 2025 tax year in January 2026.
● For tax residents of other countries: For clients of Ledn Cayman SEZC Inc., we’ll begin CARF reporting to the Cayman Islands Tax Information Authority for the 2026 tax year starting in 2027 (only for clients who are tax residents of Jurisdictions undertaking first exchanges by 2027).
Why are we collecting your tax information now? We're collecting this information to ensure that all client records are accurate and complete in accordance with Ledn’s obligations under the crypto reporting regimes. This will allow us to verify information accuracy and give clients time to update their details if needed.