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Spain passes new crypto asset declaration law for citizens

Spain passes new crypto asset declaration law for citizens – Coingeek

A new law approved by Spain’s Council of Ministers will oblige private citizens to declare their cryptocurrency holdings, in a landmark development for crypto regulation. As part of new anti-fraud measures presented by Finance Minister María Jesús Montero, the bill requires an annual disclosure of crypto holdings, as well as any offshore fiat holdings, to tax authorities, Spanish news outlet reported.