A viral tweet falsely claimed that Spanish bank customers would face €150,000 fines under Royal Decree 253/2025, contributing to widespread public confusion and fueling outrage online.

Quotes that support claims

A viral posts claim Spaniards must beg the tax office for permission to withdraw more than €3,000 in cash, facing penalties up to €150,000.

The story began with an April-28 article in Madrid Informa, echoed by several English-language blogs and a Fintechnews CH syndication. A thread by CitizenX CEO Alex Recouso snowballed on X, drawing an expletive-laden reply from podcaster Peter McCormack. None of those posts linked to the Boletín Oficial del Estado (BOE) where the law was actually published.