Danish Tax Agency proposes tax on unrealized gains for crypto assets

In a recent press release, the Danish Tax Agency (Skattestyrelsen) has proposed the introduction of a tax on unrealized gains for all crypto assets to align their taxation with other types of investments. The proposal, which will affect about 300,000 Danes who own such assets, includes provisions for offsetting gains and losses across different types of financial contracts and imposes continuous taxation as capital income. The Ministry of Taxation will present a legislative proposal in early 2025 based on these recommendations, with new rules potentially taking effect from Jan. 1, 2026.