According to Foresight News, Spain's Finance Ministry is working on legislative reforms to the General Tax Law, allowing the Spanish tax agency to identify and seize crypto assets held by taxpayers with overdue debts. Spanish residents holding any crypto assets on non-Spanish platforms must report to the tax authorities before the end of next month. However, only individuals with a balance sheet exceeding the equivalent of €50,000 ($54,000) in crypto assets are obligated to report their foreign-held assets.