In Spain, 60 companies were asked to disclose data on cryptocurrencies holders who are suspected of evading taxes.

The Tax Administration of Spain launched a campaign to find cryptocurrencies owners, who use this instrument to evade taxes and launder money obtained through illegal means.

As part of the campaign, Spanish tax services plan to investigate fraud cases with bank accounts opened abroad. The tax authorities requested information about Spanish residents who bought or sold cryptocurrencies from 60 local financial institutions, including banks, cryptocurrency exchanges, and stock companies.

Earlier, Spanish authorities announced that they were developing cryptocurrency legislation that provides tax benefits for companies that use blockchain technology. The bill may also specify a threshold below which cryptocurrency investments would not have to be reported for tax purposes.

A local law firm, Repara tu Deuda, decided to give employees a portion of wages in bitcoins.