SPAIN FINES AIRBNB FOR POSTING UNLICENSED PROPERTIES
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Amidst a national housing crisis, Spain's leftist government on Monday levied a fine exceeding 64 million euros ($75 million) against Airbnb for publishing listings of prohibited rental properties. The consumer affairs ministry confirmed the finality of the fine, ordering the US holiday-rental platform to "correct the violations by deleting illegal content" to comply with regulations.
The fine is equivalent to six times the illegal profit made by Airbnb between the time the company was warned about the offending adverts and before they were taken down, the ministry added.






