Spain penalizes Airbnb with $75 million fine for unlicensed rentals

Spain has fined Airbnb 75 million dollars for advertising unlicensed tourist rentals, as part of efforts to address housing affordability issues and regulate short-term rental platforms. The government is cracking down on unlicensed listings, which are believed to contribute to rising housing costs, especially in city centers. Airbnb plans to challenge the fine and is working to comply with new registration requirements.