TechFlow news, October 24 — According to Coingape, the Danish government has announced plans to impose a 42% tax on unrealized capital gains from cryptocurrency starting January 1, 2026, making Denmark the first country globally to tax unrealized crypto gains. This new policy will apply to all crypto assets acquired since the Bitcoin genesis block in 2009.
The Danish Tax Law Council recommends that the tax policy cover crypto assets such as Bitcoin that are not backed by physical assets or fiat currencies. The move aims to integrate cryptocurrencies into the existing financial tax framework, treating them on par with traditional investment assets like stocks and bonds.
Danish Tax Minister Rasmus Stoklund said: "In recent years, there have been examples of Danish investors being heavily taxed due to investments in crypto assets. Therefore, I am pleased that the tax council today submitted detailed and up-to-date recommendations. The council's proposals could be a way to ensure more reasonable taxation of gains and losses for crypto investors."
