Odaily Planet Daily News 🌍 The Danish Tax Law Committee recently released a report recommending taxing cryptocurrency assets at market value. This means that even if cryptocurrencies are not sold, investors must pay taxes on their unrealized gains or losses. 💰

The Tax Law Committee pointed out that since crypto assets are "not subject to centralized regulation by entities such as governments or central banks," taxation has always been a challenge. The new regulations are expected to take effect on January 1, 2026, and in early 2025, the Minister of Finance will propose related legislation requiring cryptocurrency service providers to report customer transaction information. 📅

Mads Eberhardt, senior crypto analyst at Steno Research, stated that the tax rate on unrealized capital gains could be as high as 42%, which will impact cryptocurrencies acquired since the genesis block of Bitcoin in 2009. 📈