Spain Approves Law Requiring Citizens to Disclose all Crypto Holdings

The Spanish Ministry of Finance has closed a legal loophole allowing holders of bitcoin and other cryptocurrencies to skirt asset declaration laws. Announcing a draft anti-fraud law approved by the Council of Ministers earlier today, Finance Minister María Jesús Montero explained that the new law will mandate “the identification of the holders and the balances contributed The post Spain Approves Law Requiring Citizens to Disclose all Crypto Holdings appeared first on CCN

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Op-Ed: Do Blockchains Need a Native Currency?

Like most administrators in top banks and other financial institutions across the globe, the governor of the Bank of Spain, Luis María Linde lent his voice towards the criticism of cryptocurrencies despite showing support for the underlying technology, blockchain. Linde believes that the risks associated with cryptocurrencies outweighs the benefits therein by a lot but The post Op-Ed: Do Blockchains Need a Native Currency? appeared first on CCN

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