Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules regarding cryptocurrency after Model 720 was declared to be illegal by European laws. No Obligation to Include Crypto in Tax Statements Under Model 720 The Spanish Treasury Ministry has admitted that the current legal framework does not include the obligation for Spaniards to declare their cryptocurrency holdings under Model 720, which has to do with funds held abroad. The Spanish Tax Agency confirmed that citizens don’t have any duty to report their cryptocurrency holdings, not even in an informative way, after the underlying ruleset has not been established by the authorities. This means that citizens need not include any of their crypto-related info in the upcoming Model 720 statement corres
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