Key Takeaways
- Denmark will introduce a 42% tax on unrealized Bitcoin and crypto gains starting in 2026, impacting assets acquired since 2009.
- The new tax policy aims to align Bitcoin and crypto taxation with that of traditional investments like stocks and bonds.
- Regulatory measures will also include international data sharing and stricter reporting requirements for crypto service providers by 2027.
Denmark Introduces 42% Tax on Unrealized Crypto Gains
Denmark will impose a 42% tax on unrealized capital gains for Bitcoin and crypto starting January 1, 2026.
The tax will apply to all digital assets, including Bitcoin, acquired since its inception in 2009.
This legislation brings Bitcoin and crypto under the same taxation rules as traditional investments like stocks and bonds.
Government’s Plan for Bitcoin and crypto Regulation
The Danish government aims to address challenges in taxing digital assets through this reform.
New regulations will require crypto service providers to report customer transactions starting in 2025.
From 2027, Denmark will share data internationally on Danish crypto investors to prevent tax evasion.
Tax Minister Supports New Crypto Tax Measures
Tax Minister Rasmus Stoklund praised the recommendations as a way to fairly tax Bitcoin and crypto investors’ gains and losses.
He noted that the new rules aim to correct the current system, which heavily taxes Bitcoin and crypto investors on their gains.
The government will allow investors to offset Bitcoin and crypto losses against gains from other financial contracts to address existing taxation asymmetries.
