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[Denmark Plans To Propose Taxation On Unrealized Cryptocurrency Gains In An Upcoming Bill] According To The Block, The Danish Tax Law Committee Recommended In A New Report That Cryptocurrency Assets Should Be Taxed At Market Value, Followed By A Legislative Proposal. This Means That If The Rules Come Into Effect, Cryptocurrency Investors Will Pay Taxes On Unrealized Cryptocurrency Gains Or Losses. The Committee Said: "So-called Market Value Taxation Is Considered Capital Income And Involves Continuous Taxation Regardless Of Whether The Crypto Assets Are Sold." The Tax Law Committee Explained That Due To The Nature Of Crypto Assets, "not Centrally Regulated By Entities Such As Governments Or Central Banks," Taxation Has Always Been A Challenge. The Committee Recommends That New Tax Regulations Should Take Effect No Earlier Than January 1, 2026. In Early 2025, The Minister Of Taxation Plans To Introduce A Bill To Incorporate The Council's Recommendations. The Bill Is Expected To Include Requirements For Crypto Service Providers To Report Information On Their Customers' Crypto Asset Transactions. Mads Eberhardt, A Senior Crypto Analyst At Steno Research, Wrote On X That The Tax Rate On Unrealized Capital Gains Could Reach 42%, Which Would Affect Not Only Cryptocurrencies Acquired Since Then, But Also Cryptocurrencies Acquired Since The Bitcoin Genesis Block In January 2009
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