According to Bloomberg, the Spanish authorities intend to develop a bill that will oblige holders of digital currencies to disclose their assets and profits from trading.

The draft of this law was first introduced in 2018. Then the country's tax agency demandedfrom financial companies to disclose the names and trade details of those who regularly purchase and trade cryptoassets.

The initiative was to prevent potential tax evasion and prevent money laundering with digital assets. Curiously, crypto lord John McAfee was recently arrested by the Spanish police on tax evasion charges. McAfee is currently awaiting extradition to the United States, where he will be tried for preventing his tax payments for four years.

At the moment, the Russian government is considering a similar bill, obliging holders of digital currencies to disclose their crypto assets.