
Spain fines Airbnb $75 million for listings of unlicensed rentals

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Spain's Consumer Rights Ministry has fined Airbnb $75 million for advertising unlicensed tourist accommodations. The fine follows Airbnb's withdrawal of 65,000 listings in July that violated regulations. The fine can be appealed in court. Spain's government and local authorities are cracking down on tourism rentals, blaming them for excess tourism and rising housing costs.
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