Post
Topic
Board Bitcoin Discussion
Re: Buying BTC from KYC exchange
by
witcher_sense
on 27/07/2021, 10:29:20 UTC
Another one: "Spain’s government has reportedly approved a bill that requires cryptocurrency owners to disclose their crypto holdings..."
And here is the second news: https://english.elpais.com/spain/2021-07-06/spain-drafts-bill-allowing-state-to-mobilize-all-adults-in-times-of-crisis.html

Quote
The reform [...] states that authorities can temporarily requisition all types of assets, take over or temporarily occupy those that are needed and suspend all activity. Citizens who are economically harmed by these actions have the right to compensation, according to the document. In its preliminary version, the bill does not include compensation for people whose services are required by the state.

I don't know, can this really be a coincidence? I am not saying you should break a law and hide your assets, but you should always keep in mind that the government potentially can and most probably will force you to hand over your bitcoin holdings if there is a situation they call a "crisis". If they suddenly start to consider your crypto holdings a threat to the financial stability of the country, you are in trouble despite your being a good citizen.