The Kingdom of Denmark is a Scandinavian country with a total area — including Greenland and the Faroe Islands — of two million kilometers and a population of little less than 6 million people. Denmark is a developed, free-market economy with one of the highest GDPs per capita in the world. Denmark is also one of the main centers of science and technology development, participating in such projects as European Organization for Nuclear Research, the International Space Station and others. Denmark is a part of the development of blockchain technology, having a highly educated population and advantageous investment climate. Bitcoin in not regulated in Denmark. Danish authorities allow the usage of Bitcoin as a payment tool, as an asset and as a good. However, Bitcoin is not considered to be currency or a legal tender. Bitcoin exchanges in Denmark are not a part of any regulatory authority’s jurisdiction and are free to perform any legal activity.
World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months
MakerDAO’s Gustav Arentoft talks decentralization and regional expansion in a new interview with Cointelegraph.
MakerDAO’s Gustav Arentoft: Decentralization Is Not a Binary Choice
Chainalysis, a provider of crypto transaction data for IRS and FBI, does not think that privacy coins are bad despite not being able to fully track them.
‘Full Transparency Not Ideal for Cryptocurrency’ Says Chainalysis Exec
Law enforcement requests to cryptocurrency exchange Kraken hit their highest ever volume in 2019, rising 49% to 710 as compared with 475 the previous year.
Law Enforcement Requests to Kraken Hit All-Time-High, Up 49% in 2019
Denmark-based cryptocurrency users have begun receiving letters from the local tax agency requesting a full background of all their cryptocurrency transactions.
Report: Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users
Is Nordea Bank’s controversial Bitcoin ban protecting employees from themselves or using crypto as a scapegoat?
No More Bitcoin for Nordea Bank Employees, Experts Question the Motive
Three national units of the Red Cross are backing a blockchain-based currency scheme to enhance aid delivery and boost local economies.
Red Cross Deploys Blockchain to Boost Communities’ Economic Resilience
A 33-year old Danish man laundered $450,000 by depositing dirty money in Bitcoin and sending it to exchanges overseas.
Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin