Comment by wojciii | Hacker News Reader

Comment by wojciii | Hacker News Reader

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This is Nykredit. I'm a citizen and have been a customer for 10 years or so but this of course has no meaning any more.

I recently sold some bitcoin and was told not to do it again by the bank. I have been communicating about this for two months now and wrote two complaints.. one to the bank and another to a government agency.

The issue is thay I bought the bitcoin anonymously 10 years ago and kept it in cold storage. They don't understand that. It's has been a shit show, really.

I was also told to prove that the bitcoin belonged to me when I sold it, but they refuse to tell me exactly how they want to get this proof and I refuse to guess what they want and this is a stalemate for now.

I'm being helpful and await their precise instructions about what kind of proof they want ..

Clearly the bank doesn't know anything about crypto currencies.

Edit: I paid taxes and can prove everything. Just to make sure that this is not something illegal going on. :)

Good to know Nykredit behaves the same. Sigh.

As long as you declare your gains to SKAT, then your bank should be fine with you taking money in from an exchange. You only declare your gains and losses after you sell your crypto[1]. From a SKAT perspective, they see crypto just like another FX trade, which is the correct and logical way to look at this.

The only problem is that as you bought the bitcoin a long time ago, I presume you don't have any documentation about it. That's where SKAT may have an issue, and you'll need to pinkieswear that you bought the crypto at $X. I have no idea how they handle this.

You're making me think that now that I'm abroad I'd be better off selling my BTC at an ATM and just take the cash.

[1]: https://skat.dk/borger/aktier-og-andre-vaerdipapirer/skat-pa...

I can prove everything using the wallet I think. The transaction was in cash in a public place. Fun times.

Skat has a guide which I followed, declared and paid them. I don't expect any issues from them.

Well, legalisation of crypto is a known issue. You really can’t just transfer a large amount of money from crypto to fiat and buy a flat or a car — the state will intervene in some way or another. I think you’ll find the same problem if you try to put into a bank a large amount of unexplained cash.

This is repressive. Many things in our world are: say, the institution of citizenship could be viewed as a modern serfdom!

I can't really imagine crypto and denmark in the same context. Crypto is about wealth transfer...If you are wealthy already like Denmark, you wouldn't want crypto ;)

This is a so.ewhay wealthy country and lots of people are into crypto. It looks like many banks are trying to stop people from cashing in based on the media that I read.

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