CRYPTOCURRENCY CALCULATIONS IN DENMARK

Denmark is one of the most cryptocurrency-friendly countries in the world and it is one of the first jurisdictions to have declared its position on the treatment of Bitcoin. The Financial Supervisory Authority of Denmark does not regulate or prohibit the operation of cryptocurrency businesses in the country, including Bitcoin businesses.

Buying, selling and trading Bitcoin in Denmark is fairly easy due to a large number of Bitcoin exchanges that operate freely.

The crypto license in Denmark

Compliance with the current regulations for virtual asset services providers is a key issue to consider when opening a cryptocurrency company in Denmark.

The Danish Financial Supervisory authority is the main regulator and supervisor, however, the national bank (Nationalbanken) also has a role.

The virtual asset service provider license issued by the supervisory authority allows the holder to offer services related to:

• exchanging between virtual currencies and fiat currencies;
• exchanging between more than one type of virtual currency;
• transfer virtual currencies.

For those investors willing to apply for the equivalent of a crypto license in Denmark, the one for virtual asset service providers, the following regulations are of interest:

• Exchange regulations: the exchange can be subject to financial regulation when the virtual currency falls under the definition of a financial instrument; virtual currency exchanges are subject to the AML Act (detailed below);
• Mining regulations: no regulation is currently in place for the mining of virtual currencies;
• Issuers regulations: ICO issuers and sponsors in Denmark are also subject to the AML law; the same law also applies to investors in cryptocurrencies.

Cryptocurrency lawyer in Denmark

Legal assistance of a crypto lawyer in Denmark includes:

• Legal use of cryptocurrency
• Legalization of income received from operations with crypto and investments in cryptocurrencies
• Mining Bitcoin and Ethereum
• Consulting on IEO
• Taxation of withdrawal of assets in fiat money
• Legal support of ICO and IEO projects
• Structuring of blockchain companies
• Assistance to crypto investors
• The assistance of a lawyer on cryptocurrency investments
• Registration of ICO/IEO/Defi and Mining

We provide full legal support for transactions with cryptocurrencies, conducting ICO / IEO, registration of Defi, and organization of cryptocurrency mining. Our lawyers are well-versed in all trends in the regulation of cryptocurrency in the world, including in Denmark, and guarantee the most protected ways of its use.