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Bitcoin traders in Denmark are targeted in tax-data campaign

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Trading in Bitcoin along with crypto-currencies will quickly be exposed to more scrutiny in Denmark.

The country’s tax agency has won permission to begin with collecting information relating to the trade of crypto-currencies conducted via three exchanges between 2016 and 2018, reported by an assertion within the agency’s website on Monday.

More specifically, the exchanges will likely need to provide information on names, addresses and individual tax numbers. The sharing of the information “will make certain that citizens who’ve traded crypto-currencies have paid the suitable tax,” the agency said. Information on transactions produced by foreign citizens and firms might be exchanged while using respective countries’ authorities.

The tax agency currently is touching established track record exchanges, it said. “Without going past the boundary, I believe it’s possible to point out that this is usually a big market that any of us want to look at more closely,” Karin Bergen, a director within the agency, said during the statement.
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