On the 4th October, it was
reported that the Spanish Association of Registrars is working on a blockchain property registry for tourist rentals. The Regturi project hopes to certify tourist properties to protect visitors from fraud and efficiently share data between government administrations.
In Spain, a tourist checking in to a hotel must show their passport as identification. Holiday rental properties, particularly those owned and rented privately, struggle to comply with this law. Often owners will ignore it rather than go through the complex process of sharing the tourist’s ID with authorities.
Another issue, identified by the Spanish Treasury and Tax Agency, is that rental properties are often not registered as such. This means they are not appropriately taxed, and lack of regulation could lead to scams on tourists who arrive to find they have no property to stay at.
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