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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.
Updated Sep 14, 2021, 10:08 a.m. Published Oct 13, 2020, 11:20 a.m.
Spain's cryptocurrency users may soon have to disclose their holdings to the country's tax agency.
STORY CONTINUES BELOW
- 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
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