Danish Financial Authority: No Bitcoin Regulation Here
While the Danish FSA (Financial Supervisory Authority) is backing up a recent warning from the European Banking Authority, the officials say that the use of bitcoin, along with other cryptocurrencies, in Denmark will not be regulated. "The FSA has estimated that virtual currency is not covered by the existing financial regulation in Denmark," says a statement released on Tuesday. "As background to the decision, the FSA has concluded that [cryptocurrency] activity does not qualify as issuance of electronic money, the provision of payment, currency exchange, receiving deposits or securities....
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