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The Spanish Ministry of Finance aims to enhance its authority to seize crypto and non-fungible tokens (NFTs) as part of a new tax reform . The Ministry of Finance of Spain is gearing up to push a new tax reform that would grant it new power to seize cryptocurrencies and digital collectibles in case of failure to pay taxes, according to the Spanish daily newspaper El Economista. The report says the ministry has proposed reform s to the General Tax Law, specifically Article 162, that would empower the local tax agency authority to seize crypto when executing a user debt. Additionally, amendments to the General Collection Regulations are suggested to enable the embargo of cryptocurrencies. El Economista notes that the ministry already has information on taxpayers’ crypto holdings, adding that individuals and companies starting this year are obligated to declare their crypto held abroad. You might also like: Ex-Spain FA boss Rubiales launches NFTs amid sexual assault ac...

On Oct. 24, the controversial Recover service from hardware wallet manufacturer Ledger is expected to be released. This was confirmed by the company’s CTO, Charles Guilleme. The solution provides a paid, optional subscription wallet recovery service for users who need a secure seed backup, Guilleme said. Ledger Recover, provided by Coincover, is launching today! This solution is a paid, *optional* subscription wallet recovery service for users who want a secure backup of their Secret Recovery Phrase. Let’s recap why this solution is a great and secure option for Ledger users — Charles Guillemet (@P3b7_) October 24, 2023 According to Guilleme, the Recover service will remain optional for Ledger customers, both at the release stage and during subsequent updates. Guilleme noted that owners of Ledger Nano X wallets can already test the innovation. If the service is inactive, just be patient. The company’s CTO also emphasized that the source code of the solution is publicl...