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Spanish authorities want citizens to disclose all their hodlings

Wednesday, October 24, 2018 by Piyush Suthar | Comments

Home News Tech Spanish authorities want citizens to disclose all their hodlings

A Spanish cryptocurrency inquisition is on the cards as authorities ask all hodlers to make themselves known. Who would have expected that? A draft-law that effectively forces cryptocurrency hodlers to make themselves known, put forward by Spain’s Ministry of Finance, was approved on the 19th October, local news, ABC Economica reports. Of course, Spanish cryptocurrencers can’t be forced to reveal themselves, but they’ll be breaking the law if they don’t. The new law is mainly aimed at tax avoidance and will force Spanish hodlers to tell the government who they are, and how much cryptocurrency they posses — also in…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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