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Denmark vs Palau

Crypto regulation comparison

← Back to map | Denmark | Palau
Denmark

Denmark

Palau

Palau

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.

Palau has explored blockchain technology and launched a stablecoin program in partnership with Ripple. No income or capital gains tax.

Tax Type Capital gains
Tax Type No tax
Tax Rate 37-52%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Finanstilsynet (Danish FSA), Skattestyrelsen
Regulator Financial Institutions Commission
Stablecoin Rules Regulated under EU MiCA framework (Denmark is EU member but outside eurozone)
Stablecoin Rules No specific stablecoin regulation
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
  • Exploring national stablecoin in partnership with Ripple
  • No income or capital gains tax
  • Uses the US dollar as official currency
  • Small but forward-looking approach to digital assets
  • Limited domestic crypto infrastructure
Sources
Sources