Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains
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.
Also read: OECD Preparing Crypto Tax Reporting Framework for World’s Largest Economies
Disclosure
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.