Denmark: Reporting obligations for cryptoasset service providers (DAC8)

Executive Order No. 115

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october 17, 2025

The Danish government on September 10, 2025, issued an executive order detailing reporting obligations for cryptoasset service providers under Denmark’s implementation of Directive (EU) 2023/2226 on administrative cooperation in taxation (DAC8).

Executive Order No. 115, published in the Official Gazette on October 2, 2025, supplements an April 2025 bill that transposed DAC8 into Danish law. It introduces reporting and due diligence requirements for cryptoasset service providers operating in Denmark. These requirements apply to both companies and individuals exchanging or transferring cryptoassets for users domiciled, registered, or conducting business in Denmark.

Providers must collect and report detailed customer and transaction information, verify tax residency, maintain updated identity records, and notify tax authorities of changes or non-compliance.

The executive order establishes Denmark’s domestic framework for implementing the OECD’s Crypto-Asset Reporting Framework (CARF) through DAC8, supporting the automatic exchange of information on cryptoassets and e-money.

Reporting will apply to transactions from January 1, 2026, with the first exchange of information scheduled for 2027.

Read an October 2025 report prepared by KPMG’s EU Tax Centre

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