Spain’s cryptocurrency users may soon have to disclose their holdings to the country’s tax agency.

• 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