Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said.
Oct 13, 2020 at 11:20 a.m. UTCUpdated Aug 19, 2021 at 4:57 a.m. UTC
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Spain's cryptocurrency users may soon have to disclose their holdings to the country's tax agency.
- According to government spokeswoman Maria Jesus Montero on Tuesday, the Spanish government is drafting legislation that would force cryptocurrency holders to disclose their holdings and any profits if passed.
- The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, Montero said, according to a Reuters report.
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