Uphold the true message, on October 24, it was reported that the Danish government announced plans to impose a 42% tax rate on unrealized capital gains from cryptocurrencies starting January 1, 2026, becoming the first country in the world to tax unrealized gains from cryptocurrencies. This new policy will apply to all crypto assets acquired since the inception block of Bitcoin in 2009. The Danish Tax Law Committee suggested that this tax policy will cover crypto assets like Bitcoin that are not backed by any physical assets or fiat currency.