Denmark’s ‘historic’ crypto tax change is far from a done deal
Denmark is considering new tax rules on cryptocurrency, including taxing unrealized gains and losses, which has led to some misreporting that the decision has already been made.
Crypto news outlet AltcoinBuzz falsely reported that Denmark “has made history by becoming the first country in the world to tax unrealized capital gains on cryptocurrency.” Meanwhile, CoinGape wrote that Denmark “will impose a 42% tax on unrealized capital gains for all crypto assets.”
In reality, Denmark’s tax law council has proposed three separate models of taxation in a paper it has been working on since 2021. None of these tax proposals have been adopted in any official capacity.
Even if one were agreed upon at press time, these rules most…
