Category: Denmark

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Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal

Estonia Revokes 500 Crypto Firms' Licenses After $220 Billion Money Laundering ScandalEstonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported. Madis Reimand, […]

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Corona Money Printing Worries – Housing Prices Slide Downwards First Time in 10 Years in Northern Europe

Corona Money Printing Worries – Housing Prices Slide Downwards First Time in 10 Years in Northern EuropeReal estate price reports from March in northern countries like Denmark and Sweden now show negative developments for the first time in over 10 years. If furloughed workers continue into unemployment, the effects on the housing markets will be even more significant, says Claudia Wörmann at SBAB Bank. Spring Real Estate Price Increase, Trend Broken […]

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Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

Regulatory Roundup: Crypto 'Inevitable’ in India, China Rankings, NY Streamlines PolicyIn this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup […]

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The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year

The Country With the Highest Interest Rate in Europe Has Cut It 5 Times This YearAround half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when there is inflation, has […]

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Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners

Denmark's Tax Authority Sends Warning Letters to 20,000 Crypto OwnersThe tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges. Also […]

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