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The Spanish authorities want to restore order in the cryptocurrency industry and force all citizens to provide information about their digital assets. The corresponding bill was approved by the Spanish government, Bitcoin.com reports, citing local news sources. The main objective of the document will be the fight against tax evasion from income derived from operations with digital money. The supporter of the introduction of such a rigid bill is the Minister of Finance Maria Jesus Montero. She believes that it is necessary to force all ... Read more about " New regulations of cryptocurrency in Spain " on coinatory.com

It seems like most of the countries have decided to crack down on cryptocurrencies. In latest developments, Spanish Treasury has ordered the banks to hand over cryptocurrency related information. The order has been passed for more than 60 banks. They have to pass all the details related to cryptocurrency transactions or deposits in cryptocurrency exchange accounts to the Spanish treasury. This is believed to be a huge crackdown. Moreover, as Spain is part of the European Union, there are worries that other countries might take such drastic ... Read more about " Spanish Authorities demand cryptocurrency data from banks " on coinatory.com