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Denmark vs Vanuatu

Crypto regulation comparison

← Back to map | Denmark | Vanuatu
Denmark

Denmark

Vanuatu

Vanuatu

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.

Vanuatu has become a popular jurisdiction for crypto businesses due to its tax-free environment. The VFSC has developed a regulatory framework for digital assets.

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 Vanuatu Financial Services Commission (VFSC)
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
  • VFSC regulates digital asset businesses
  • No income, corporate, or capital gains tax
  • Popular jurisdiction for crypto business registration
  • Citizenship by investment program exists
  • Developing digital asset regulatory framework
Sources
Sources