Bitcoin

<ul><li>DFSA confirms that there are no plans to ban self-custodial crypto wallets in Denmark.</li><li>MiCA exempts self-custodial wallets from regulation due to the fact that there are no intermediaries.</li><li>Social media posts falsely claimed Denmark would ban Bitcoin wallets.</li></ul>Recent social media reports suggesting that Denmark was about to ban self-custodial cryptocurrency wallets have been debunked by the Danish Financial Supervisory Authority (DFSA). Contrary to these claims, Danish regulators clarified there are no plans to prohibit hardware or non-custodial wallets. Tobias Thygesen, the DFSA&#39;s director for fintech, payment services, and governance, addressed the misinformation circulating online, confirming that no such ban has been proposed.The confusion regarding the alleged ban seems to stem from the Markets in Crypto-Assets (MiCA) Regulation, which took effect on June 30. According to the DFSA, self-custodial wallets are exempt from MiCA regulations because they do not involve intermediaries. MiCA targets activities like crypto custody and trading, which require intermediary involvement. Thygesen emphasized that the only regulated activity related to wallets involves the custody and administration of crypto-assets on behalf of clients. Since hardware wallets do not transfer custody of private keys to the wallet provider, they fall outside the scope of MiCA.<a href="https://cryptotale.org/dfsa-refutes-claims-of-bitcoin-wallet-ban-in-denmark/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

DFSA Refutes Claims of Bitcoin Wallet Ban in Denmark

CryptoTale

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