BTC $66,753.00 (+0.68%)
ETH $1,939.50 (-0.07%)
XRP $1.41 (-0.99%)
BNB $606.11 (+0.48%)
SOL $82.12 (+1.18%)
TRX $0.28 (+2.01%)
DOGE $0.10 (-0.44%)
BCH $561.04 (+1.43%)
ADA $0.27 (-0.43%)
LEO $8.69 (+1.92%)
HYPE $28.93 (+2.06%)
XMR $334.68 (+2.83%)
LINK $8.51 (-0.47%)
CC $0.16 (-4.65%)
XLM $0.16 (-1.40%)
RAIN $0.01 (+1.62%)
ZEC $262.75 (-0.30%)
HBAR $0.10 (-1.34%)
LTC $52.56 (-0.91%)
AVAX $8.88 (+0.72%)

Denmark vs United Kingdom

Crypto regulation comparison

← Back to map | Denmark | United Kingdom
Denmark

Denmark

United Kingdom

United Kingdom

Legal
Legal

Cryptocurrency is legal in Denmark and regulated under EU frameworks including MiCA. Denmark has notably high tax rates on crypto gains, treated as personal income and taxed at rates up to 52%. The Danish Tax Council confirmed in 2018 that gains and losses on Bitcoin are taxable.

The UK has an evolving and increasingly comprehensive crypto regulatory framework. The FCA registers crypto firms for AML/CFT compliance and has imposed strict financial promotion rules requiring risk warnings and banning incentives. HMRC treats crypto as property subject to Capital Gains Tax (10% basic rate, 20% higher rate, with £3,000 annual exemption from 2024/25). The Financial Services and Markets Act 2023 brought crypto assets into the UK regulatory perimeter, and HM Treasury is developing rules for a full crypto regime including exchange licensing, stablecoin regulation, and a potential UK CBDC ('Britcoin').

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 37-52%
Tax Rate 18-24%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Finanstilsynet (Danish FSA), Skattestyrelsen
Regulator FCA (Financial Conduct Authority), HMRC, Bank of England
Stablecoin Rules Regulated under EU MiCA framework (Denmark is EU member but outside eurozone)
Stablecoin Rules Stablecoin regulation under Financial Services and Markets Act 2023; fiat-backed stablecoins to be regulated by FCA
Key Points
  • Crypto gains taxed as personal income at 37-52% (among the highest in the world)
  • Losses on crypto can be deducted against gains
  • Finanstilsynet supervises crypto businesses under the Danish AML Act
  • Denmark does not have its own crypto-specific legislation beyond EU frameworks
  • Skattestyrelsen (tax authority) actively monitors crypto transactions and issues guidance
Key Points
  • FCA AML registration required for all crypto firms operating in the UK
  • Capital Gains Tax: 10% (basic rate) or 20% (higher rate); £3,000 annual exempt amount (2024/25)
  • Financial promotions regime (2023): strict rules on crypto advertising, risk warnings mandatory
  • Financial Services and Markets Act 2023 brings crypto into regulatory perimeter
  • HM Treasury developing comprehensive crypto regulatory regime (exchange licensing, conduct rules)
Sources
Sources