Denmark to impose 42% tax on unrealized crypto gains; aligns with traditional investments and expands global data exchange.
Denmark plans to implement a 42% tax on unrealized gains from cryptocurrencies, including Bitcoin, acquired since 2009. This initiative aims to align cryptocurrency taxation with that of traditional investments like stocks and bonds. The move reflects a broader trend, as Italy also intends to raise its crypto capital gains tax to 42%. Starting in 2027, Denmark will exchange data about its cryptocurrency investors globally to enhance regulatory oversight.
October 24, 2024
6 Articles