In Denmark, Bitcoin is considered to be a foreign currency, and is treated as such under Danish taxation laws. This means that Danish citizens are responsible for paying tax on any profits made from buying and selling Bitcoin, although this also gives them the benefit of being able to make deductions on any losses incurred when buying or selling Bitcoin.
In addition, there are several Bitcoin exchanges operating in Denmark, as well as a number of bitcoin ATMs. These ATMs allow users to purchase and sell Bitcoin directly, as well as convert from one currency to another. Denmark has also invested heavily in blockchain technology, and is home to several blockchain start-ups.