Bitcoin Traders in Denmark Are Targeted in Tax-Data Campaign By Bloomberg

© Reuters. Bitcoin Traders in Denmark Are Targeted in Tax-Data Campaign

(Bloomberg) — Trading in and other crypto-currencies will soon be exposed to a good deal more scrutiny in Denmark.

The country’s tax agency has won permission to start collecting information relating to the trade of crypto-currencies conducted via three exchanges between 2016 and 2018, according to a statement on the agency’s website on Monday.

More specifically, the exchanges will need to provide information on names, addresses and personal tax numbers. The sharing of such information “will ensure that citizens who have traded crypto-currencies have paid the right tax,” the agency said. Information on transactions made by foreign citizens and companies will be exchanged with the respective countries’ authorities.

The tax agency is currently in contact with the relevant exchanges, it said. “Without going too far, I think one can say that this is a big market that we need to look at more closely,” Karin Bergen, a director at the agency, said in the statement.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.