Spain is working on a bill that would require crypto investors to disclose their holdings

Spain’s government is working on a bill that would require the country’s crypto investors to disclose their holdings and profits if passed.

The bill is planned to catch tax evaders and prevent tax fraud, said government spokeswoman Maria Jesus Montero after the weekly cabinet meeting, as Reuters reported on Tuesday. Details of the proposed bill remain scant.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Spain’s Ministry of Finance has been looking to tighten the noose on cryptocurrencies since as early as 2018. At the time, Montero