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.
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
In its new “Outrageous Predictions” report, Danish Saxo Bank says that Asia will launch its own blockchain-based digital asset in 2020.
Saxo Bank’s Outrageous Prediction 2020: Asia Launches DLT-Based Asset
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
Anders Fogh Rasmussen will advise the Swiss platform on identity two months after it released its proof-of-concept.
Ex-NATO Secretary General Bullish on Blockchain as He Partners With Swiss Startup