Danish Central Bank: Only 4% of Danish Citizens Hold Cryptocurrency, Lower Than in Most European Countries

According to Cointelegraph, Denmark’s central bank, Danmarks Nationalbank, published a staff paper stating that only 4% of Danish citizens hold cryptocurrency—a figure unchanged since 2023 and lower than that of other European countries such as Norway, Finland, and the UK, where ownership exceeds 10%. The survey found that most holders own less than 10,000 Danish kroner (DKK) in crypto assets, with total holdings estimated between $317 million and $847 million. The report attributes the limited adoption of cryptocurrency in Denmark to the central bank’s long-standing cautious stance, tax-related considerations, and concerns about risk. Crypto holders are predominantly young and high-income individuals, and the primary use case remains investment rather than payments.