Supreme Court of Denmark: Profit from the sale and mining BTC should be taxed – Bits Media

The Supreme Court of Denmark ruled, that any activity, associated with investment and turnover of bitcoin, is speculative and is subject to the country's tax legislation.

The court emphasized, that operations with BTC, received citizens c as a result of "turnover in non -profit enterprises", As a gift or through mining, "Entail the emergence of tax obligations".

In this way, The highest court supported the decisions of the lower courts of the country. The representative of the department added, that citizens of Denmark, Those who want to invest in digital currencies, must understand the potential risks of such investments and make reasonable decisions.

In March, the US Department of Finance announced plans to replenish the budget for 2024 year and announced the intention to introduce 30% Excise fee for the use of electricity for cryptocurrency mining operations.