Denmark Supreme Court rules BTC profits to be taxed

The Supreme Court of Denmark has ruled that investors and miners who profit from selling bitcoin will be subject to taxation rules, with a 27% taxation rate for profits not exceeding $8,630 and 42% for profits above.

The central bank governor, Lars Rohde, has previously criticized BTC’s volatility and lack of stability and is not keen on the digital asset market, while also being a supporter of CBDCs.

Ok, that’s nothing worrying about, as it’s a part of acceptance.

In other countries that’s even more.

In Germany ie its your personal tax rate, which is up to 46%. Here are gains taxfree, if you hold longer than 1 year.

Tl;dr: Denmark taxes crypto