Yes, It was heartbreaking to hear about the new law in Spain which obliges crypto-related entities to report all transactions made throughout the year. I think it is important for the government to strike a balance between regulating the crypto industry and respecting the privacy of its users. Laws that go too far in one direction or another can have unintended consequences, such as leading users to more anonymous and decentralized forms of crypto that are more difficult to regulate.

As the crypto industry continues to grow it is imperative for governments to keep up with the latest developments and adapt their regulatory frameworks. We here certainly have the same expectations from the government where we agree that for future regulations to strike a balance between protecting users and supporting innovation in the crypto space.