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Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains

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Spain Working on Bill to Force Crypto Holders to Disclose Assets, Gains

Spain’s cryptocurrency users may soon have to disclose their holdings to 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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