Denmark Parliament to Vote on Crypto Regulation Bill

The Danish government's bill on licensing and consumer protections for crypto exchanges was officially submitted to parliament on May 15. The legislation aims to establish a regulatory framework for crypto service providers operating in the country. Known as Bill L 165, the proposal requires all crypto service providers in Denmark to obtain a license from the Danish Financial Supervisory Authority by January 2027. The bill includes specific rules focused on anti-money laundering measures, proof of reserves, and mandatory warnings on advertisements. The first reading is scheduled for May 22, followed by committee hearings. If the bill passes, implementation would be phased in starting from the third quarter of 2026. A cross-party majority is expected, but the final outcome remains unclear due to proposed amendments on taxation. The Social Democrats and Venstre support the base text of the bill. The Liberal Alliance has put forward amendments concerning the tax treatment of crypto gains. Search interest in the vote has risen as the date approaches, particularly if debates on the amendments become heated. Lars Hansen, Danish Business Correspondent, notes that the regulation could affect how crypto services operate in Denmark, with potential implications for the broader Danish financial sector. The bill's passage may influence how other Nordic countries approach crypto oversight, given Denmark's role as a regional economic leader.