The Danish government plans for approximately 300,000 investors to pay 42% in taxes on their unrealized gains (hold) by 2026.
"Taxation occurs on an ongoing basis, regardless of whether crypto assets have been sold.
Purchases and sales made during the year can be calculated at the inventory level, and it is the change in the value of the total inventory that is taxed.
In 2027, Denmark will share crypto investor data with other countries. All cryptocurrency platforms must report user transactions.
This system will help track portfolio values annually. Tax authorities will assess both gains and losses from different cryptocurrencies."
The Supreme Court of Denmark ruled last year that those who make profits from Bitcoin must pay taxes.