Denmark taxes BTC profits Binance sued by US regulator The Supreme Court of Denmark announced on March 30, 2023, that Bitcoin (BTC) sales proceeds must be taxed as ordinary income. This new regulation is said to affect both BTC investors and miners. According to the judges, users buy Bitcoin expecting to sell it later at a higher price for the sole purpose of speculation. The magistrates believe that such dealings should not be tax-free under domestic legislation. Denmark officials have also decided that anyone who amassed their BTC wealth through crypto mining and then sold it for a profit must follow taxation guidelines.
