UK Financial Watchdog Warns That ICO Crypto Is a Clone Company

The Danish tax ministry will examine its nearly century-old tax code in an effort to address challenges raised by cryptocurrency investments.

According to a report by Bloomberg on Tuesday, Denmark’s Ministry of Taxation has discovered two-thirds of local crypto transactions aren’t properly taxed, and as such, is moving to close the gap.

The ministry cites a heightened risk of fraud and an increased number of errors in tax filings as the main catalyst for cracking down on crypto tax evasion.