{
 "jurisdiction_id": "DK",
 "jurisdiction": "Denmark",
 "url": "https://cryptoassets.gi/jurisdictions/denmark/",
 "generator": "render_jid v13.3.0",
 "date_modified": "2026-08-17",
 "schema_version": "crypto-v2.0.0",
 "counts": {
  "modules": 8,
  "sourced_findings": 26,
  "source_register": 18
 },
 "modules": [
  {
   "code": "crypto_licensing",
   "name": "Crypto Licensing",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#crypto-licensing-crypto-licensing",
   "standing_position": "Denmark regulates crypto-asset service providers exclusively through MiCA (Regulation (EU) 2023/1114), transposed and enforced nationally by Finanstilsynet (the Danish FSA), which ESMA's official competent-authority list confirms holds authority across ALL MiCA titles. Denmark's national grandfathering/transitional arrangements for pre-existing providers closed with the EU-wide 1 July 2026 deadline, meaning any Denmark-facing CASP must now hold full MiCA authorisation.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "token_classification",
   "name": "Token Classification",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#token-classification-token-classification",
   "standing_position": "Denmark applies the MiCA taxonomy (ART / EMT / other crypto-assets), overlaid with ESMA/EBA guidelines on the boundary with MiFID II financial instruments. Finanstilsynet performs its own independent classification assessment rather than deferring automatically to other Member States' rulings.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "on_chain_activity_regime",
   "name": "On-Chain Activity Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#on-chain-activity-regime-on-chain-activity-regime",
   "standing_position": "Denmark has no bespoke national statute separately licensing staking, DeFi lending, DEX operation, mining, node operation, validation, or tokenization as distinct on-chain activity categories. Such activities, when offered by a Denmark-authorised CASP, are absorbed into that firm's existing MiCA CASP authorisation; standalone/non-custodial on-chain activity remains a regulatory gap addressed only at EU level via non-binding EBA/ESMA analytical reporting.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "stablecoin_regime",
   "name": "Stablecoin Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#stablecoin-regime-stablecoin-regime",
   "standing_position": "Denmark's stablecoin regime is entirely MiCA-derived: asset-referenced tokens and e-money tokens require authorisation, carry reserve/disclosure obligations, and EMT holders have a statutory par-value redemption right. Systemic ('significant') issuer designation sits with EBA at EU level; no Denmark-domiciled issuer has been confirmed as so designated in this research pass.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "consumer_protection",
   "name": "Consumer Protection",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#consumer-protection-consumer-protection",
   "standing_position": "Danish consumer protection for crypto flows through MiCA's CASP conduct rules (custody segregation, complaint-handling, marketing-communication standards) plus joint ESA consumer warnings that specifically direct Danish consumers to verify CASP authorisation via Finanstilsynet's website.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "tax_treatment",
   "name": "Tax Treatment",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#tax-treatment-tax-treatment",
   "standing_position": "Denmark taxes crypto gains under existing income-tax practice (Skattestyrelsen treats speculative crypto disposals, including crypto-to-crypto trades, as taxable income requiring self-reporting), layered with the incoming EU DAC8 CASP-transaction-reporting mandate effective 1 January 2026. A more significant reform — Tax Law Council-recommended mark-to-market ('lagerbeskatning') taxation of unrealised crypto gains/losses as capital income — was proposed with a target effective date no earlier than 1 January 2026, but enactment status was not independently confirmed in this pass. Danish VAT/GST and withholding treatment of crypto-asset services were not independently verified with a primary source in this research pass and are flagged as gaps.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "cross_border_transfer",
   "name": "Cross-Border Transfer",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#cross-border-transfer-cross-border-transfer",
   "standing_position": "Denmark's cross-border crypto-transfer regime is entirely EU-derived via Regulation (EU) 2023/1113 (the crypto travel rule), which requires originator/beneficiary information on transfers and imposes a EUR 1,000 verification threshold for self-hosted-address transfers. As an EU/EEA state operating under MiCA's single-licence passporting model, Denmark imposes no bespoke outbound capital-control restriction beyond EU-wide travel-rule and sanctions-screening requirements.",
   "findings": [
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    },
    {
     "finding": null,
     "instrument_type": null,
     "source": null,
     "source_url": null,
     "source_tier": null,
     "retrieved_at": null
    }
   ]
  },
  {
   "code": "aml_cft_regime",
   "name": "AML/CFT Regime",
   "confidence": null,
   "moved_this_cycle": false,
   "url": "https://cryptoassets.gi/jurisdictions/denmark/#aml-cft-regime-aml-cft-regime",
   "standing_position": "AML/CFT obligations for Danish crypto-asset businesses are governed by the EU AMLR/AMLD framework and Regulation (EU) 2023/1113's crypto travel-rule amendments to Directive (EU) 2015/849. Per module-subscription doctrine, this crypto baseline does NOT assert substantive AML/CFT claims here (absent_field_provenance: not_applicable_in_regime) — AML/CFT is owned by the crypto consumer's subscribed FIM aml_ctf module. For disambiguation only: Finanstilsynet is Denmark's national AML supervisor for crypto-asset businesses, and FATF's most recent mutual evaluation found Denmark had the foundations of a sound AML/CFT regime but identified implementation gaps in risk assessment and supervisory enforcement.",
   "findings": []
  }
 ]
}