Spanish Finance Ministry proposes tax reform that would allow cryptocurrency seizures

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Cointime2024/02/05 07:44

By:Cointime

The Spanish Ministry of Finance is proposing a tax reform that would allow for the seizure of cryptocurrency assets when collecting tax debts. The Spanish government has issued a royal decree declaring electronic currency entities as tax agents, meaning that these entities must now comply with sanctions on their customers' digital currencies and encrypted assets when requested by the government, a responsibility previously only held by traditional banks and credit institutions.

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