The Danish Tax Authority received permission to collect information related to the cryptocurrency trade on three exchanges from 2016 to 2018, writes Bloomberg with reference to the official statement of the regulator.
In particular, exchanges will have to transmit information about the names, addresses, and taxpayer numbers of their customers. The dissemination of this information "will make sure that the citizens who traded cryptocurrencies paid the appropriate taxes," the agency said.
Information on transactions of foreign citizens and companies will be transferred to the authorities of the jurisdictions to which they belong.
Currently, the tax authorities are negotiating with interested their exchanges, whose names are not specified.
Without going too far, I think one can say that this is a big market that we need to look at more closely.
Director, Danish Tax Authority
The idea of an inspection came to the Danish authorities after the Finnish tax authorities gave them information about their own citizens who were trading on the foreign site, the regulator said.