Denmark Supreme Court Mandates Taxation on Bitcoin Profits

The Denmark Supreme Court decided that bitcoin sales proceeds must be taxed as ordinary income. Investors and miners are both

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Denmark Supreme Court rules that Bitcoin gains are taxable

Denmark’s Supreme Court has ruled that gains made from Bitcoin (BTC) sales are taxable.

The post Denmark Supreme Court rules that Bitcoin gains are taxable appeared first on CryptoSlate.

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Polkadot (DOT) Bulls Retreat As Bears Drag The Price Down

Polkadot (DOT) is in the red today as the bears seek to regain control over its price. DOT traded at $4.37 on January 1, 2023, and increased to $5.13 on January 11.   It remained within this range before moving to $6.23 on January 20. Also, DOT increased to the $7 price level on February 17 [...]

The post Polkadot (DOT) Bulls Retreat As Bears Drag The Price Down appeared first on Crypto Breaking News.

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The state of crypto in Northern Europe: Hostile Scandinavia and vibrant Baltics

The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter.

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Zonda Opens New Office in Denmark, Desires Global Expansion

Zonda is to expand their service, by adding a new office in Denmark. The platform recently received a regulatory license

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Danish Company Works With Gov to Build Payment Solution on Algorand

A new report details the Danish Government’s efforts to assist Danish companies (like ZTLment) to build crypto infrastructure, and in this case, on the Algorand blockchain. Covered: Danish Gov Releases “Groundbreaking” Memo on Crypto Use ZTLment Releases The Protocol, Set to Go Live in 2022 “Game-Changer for Programmable Money” in the EU Danish Gov Releases […]

The post Danish Company Works With Gov to Build Payment Solution on Algorand appeared first on CryptosRus.

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Crypto financial services provider Januar receives full Danish payments license

The Danish startup founded by former Chainalysis staff helps crypto companies find banking services by connecting them to IBAN infrastructure.

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Project roadmap or token price — Which is most important?

In the latest episode of Market Talks, show host and Cointelegraph head of markets Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the crypto market and drastic changes taking place in the Polkadot ecosystem.  According to KryptosChain, the crypto market is possibly rounding the last corner of [...]

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LEGO removes crypto scam from homepage after being hacked: Report

The "LEGO Coin" token appeared on the toy manufacturer's homepage for roughly 75 minutes before being taken down, onlookers said.

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Denmark Unveils Gefion: A Sovereign AI Supercomputer for Scientific Innovation

Denmark launches Gefion, its first sovereign AI supercomputer, aiming to advance quantum computing, clean energy, and biotechnology through local innovation and global collaboration. (Read More)

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Denmark Regulators Force Saxo Bank To Sell Crypto Asset Holdings

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Denmark Regulator Intensifies Measures to Curb Saxo Bank’s Cryptocurrency Ventures

Denmark is causing significant ripples in the cryptocurrency sphere as its financial regulatory authority has instructed Saxo Bank to divest its cryptocurrency holdings. This action is a response to existing regulations that prohibit banks from engaging in proprietary trading and has prompted the regulatory authority to step in. Earlier today, the Danish financial supervisory authority […]

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Danish authority orders Saxo bank to divest crypto holdings, citing distrust in financial system

Denmark’s Financial Supervisory Authority (FSA) ordered investment bank Saxo to divest its cryptocurrency holdings because financial institutions in the country are prohibited from crypto trading activities, according to a July 5 statement. “On 4 July 2023, the Danish Financial Supervisory Authority decided that Saxo Bank A/S’ trading in crypto assets for its own account is […]

The post Danish authority orders Saxo bank to divest crypto holdings, citing distrust in financial system appeared first on CryptoSlate.

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Denmark orders Saxo Bank to erase cryptocurrency holdings

DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said.

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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

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 [...]

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