To adhere to accurate reporting, on October 24th, 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 on cryptocurrencies. This new policy will apply to all crypto assets acquired since the genesis 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 asset or fiat currency.