Quote from: kotajikikox on Today at 03:12:15 AM

Easy to assume that its citizens wouldn’t be happy. I mean the point of bitcoin is to be able to hold money and make transactions without sacrificing our data and privacy. I am sure that many holders are holding anonymously and would like it to stay that way.

Definitely, everyone wants to stay as private as possible. The people who will be most affected by this law are likely those trading actively because the government will require exchanges to provide data on traders to ensure they collect the necessary taxes. However, since this is about unrealized gains, I don’t think it’s necessary for long-term holders to report their Bitcoin, as long as they know there’s no link from the exchanges regarding when they acquired it.

If there is a link, then not reporting could lead to bigger penalties and, worst case, even accusations of a crime.

Quote from: kotajikikox on Today at 03:12:15 AM

That is really odd but really beneficial for the government. The government is smart when it comes to taking money from its citizens but not doing anything to protect said citizens. I believe denmark citizens would prefer to hold bitcoin outside of the country as much as possible to avoid this.

That’s quite complicated - holding assets outside of the country while living in that country. It’s really not feasible unless someone else is managing those assets, which I find very risky.