EU's MiCA would allow financial institutions to hedge their assets, but the Danish Financial Supervisory Authority argues that the law has yet to take effect; thus, doing so would breach its local financial rules.
Two rulings by the Supreme Court of Denmark have come to the same conclusion: that the profits of bitcoin sales are taxable and liabilities apply to both speculative traders and miners.
The governor of Danmarks Nationalbank says that a dip in cash usage recently doesn’t signal a loss in trust in central bank money, nor the need for a CBDC.
The European Union's DLT sandbox project has seen a utility in agriculture and environmental sustainability, with Agreena, an ag-tech company leveraging it.
The Danish digital assets exchange is registered in over 180 countries and territories and offers a payment solution for fiat into the digital asset market.
The National Bank shared the stance in an analysis paper titled "New types of digital money," which discussed digital assets, including stablecoins, wholesale CBDCs, and retail CBDCs.
The exchange filed an application with a New York court seeking to subpoena Citibank and Bank of America to produce documents for use in its court battle in Denmark.
The report represents blockchain as a digital instrument to fight political corruption which has eaten deep into many administrations.
The Skattestyrelsen have written to cryptocurrency users suspected of being involved in tax evasion, requesting they submit full disclosures on their trading activities.
Danish bank Nordea has won a court battle that will allow it to legally bar employees from buying cryptos, even during their own personal time.
Tax authorities in Denmark will soon have access to user data from cryptocurrency exchanges in the country, in a move designed to aid tax investigations into those trading in cryptocurrencies.
The Danish tax authority Skattestyrelsen is pursuing as many as 2,700 Bitcoin Core (BTC) traders over taxes in connection with as much as $12.7 million of unreported transactions.
