Denmark

Denmark is one of the most crypto-friendly countries in Europe, with a high level of technology adoption and innovation. The Danish Tax Agency (Skattestyrelsen) has given clear guidance on how cryptocurrency is taxed in Denmark, depending on the specific characteristics and transactions of the crypto assets. In general, cryptocurrency is viewed as a personal asset that is subject to taxation if it is owned for speculative purposes or as part of a business activity. The exact tax rate depends on the individual's income, municipality, and type of crypto asset.

The Danish Financial Supervisory Authority (DFSA) is the main regulator of the financial sector in Denmark, including fintech and crypto-related businesses. The DFSA does not consider cryptocurrency as a fiat currency, but as a financial contract or instrument that may fall under the scope of various financial laws and regulations, such as the Payments Act, the Capital Markets Act, the Financial Business Act, or the EU Prospectus Regulation.

Despite the legal and regulatory framework for cryptocurrency in Denmark, there is no official data on how many businesses accept cryptocurrency payments in the country. However, there are some indications that the adoption of crypto payments is increasing, especially among online platforms and retailers.