Spanish Crypto Holders Under Scrutiny as Authorities Seek to Prevent Tax Fraud

After launching an investigation into a number of cryptocurrency-related firms earlier this year, the Spanish Ministry of Finance is now bolstering its efforts to prevent tax evasion and fraud, inspecting 15,000 taxpayers who have made digital asset transactions over the last year, local news outlet El Pais reported on Monday.

Iin April, as part of its annual tax control plan, Spain’s tax collection department, the Agencia Estatal de Administracion Tributaria (AEAT), requested information regarding cryptocurrency holdings from more than 60 digital currency and blockchain-related firms, including banks, payment service providers, exchange platforms and ATM operators. As a result of the inquiry, the agency has identified 15,000 taxpayers whose crypto holdings and operations require further review. It remains unclear whether that list consists of companies, …

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