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CATEGORY: danish

Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 06, 2023 05:50

Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator

According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside the legal business area of ​​financial institutions” and is in violation of the country’s Financial [...]

The post Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator appeared first on Crypto Breaking News.

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Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 02, 2023 05:50

Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court

Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court Considers Crypto Gains Taxable Under Current Law Profits [...]

The post Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court appeared first on Crypto Breaking News.

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