Quote from: Cuenta Alternativa on April 25, 2023, 06:25:31 PM

Today is a sad day for those of us who use bitcoin and value our privacy. Just today, a law came into force in Spain that obliges entities that provide crypto-related services in the country to report absolutely all transactions carried out during the year.

This is a direct attack not only on our privacy but also on cryptocurrency users, as no other tax legislation has gone this far.

For example, there is no law in Spain that obliges banks to report each and every transaction carried out by all users. If in the course of an investigation there are suspicions, the authorities require the data and the banks give it to them, but they do not transmit all the data by default.

This will give the rest of the forum members an idea of what may be coming in the near future in their countries, especially in Europe.

I have searched for information in English about this and can't find anything published, although I am not sorry that it is in this forum that we are emphasising the nefariousness of this legislation.

I put a link in Spanish and anyone who is curious can use an online translator:

Hacienda de España conocerá todo sobre ti si compras bitcoin en exchanges centralizados

This is indeed a bad news for crypto community and concerning development for all those who value their privacy when using crypto currencies, this development underscores the importance of avoiding central exchange whenever possible. I am afraid other European countries may follow the example of Spain and similar regulations is implemented about regulating the crypto currencies within their own borders. It is always advisable to stay informed about latest development about crypto regulations in your own country, as well as internationally.