Spain's new bill proposal complicates crypto for citizens By Cointelegraph

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Spain's new bill proposal complicates crypto for citizens

Cryptocurrency Oct 13, 2020 04:20PM ET

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Spain's new bill proposal complicates crypto for citizens

Awaiting parliamentary approval in Spain, a fresh bill draft intends to cut out illegal tax dealings, as first reported by Cointelegraph’s Spanish branch. This could mean smaller business transactions as well as mandatory crypto-asset reporting, even for assets held or transacted internationally.

The "Draft Law on Measures to Prevent and Combat Tax Fraud" recently received the green light from the Spanish Council of Ministers, Spain’s central governing entity, according to an Oct. 13 briefing from the country’s minister of finance, María Jesús Montero.

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Spain's new bill proposal complicates crypto for citizens

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