Earlier this year, Spain’s tax collection department launched an investigation - which aimed to identify cryptocurrency-related businesses that would have to pay taxes on their capital gains on the investments and revenue they generated from crypto-related activities. In April, Spain’s treasury department began requesting that digital currency and blockchain-focused firms report their earnings and cryptoassets holdings to the nation’s tax authorities. Local news outlet, El Pais, has now reported that Spain’s treasury department has received financial information from local crypto-related companies - which includes about 15,000 firms that own taxes on their digital currency earnings. Read full article here.
11/21/2018 / 12:00:00
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