Denmark’s "Bitcoin is Not Regulated Here"

Good news for the digitally savy Danish today as Denmark’s Financial Supervisory Authority (FSA) today issued an official statement on the use of virtual currency in the country. According to the FSA:

“Virtual currencies are a form of unregulated electronic money, as opposed to real money they are not issued or guaranteed by a central bank, which in some cases can be used to make payments.”

“Companies do not need permission to be able to establish their operation in Denmark if they want to run bitcoin exchanges that also include exchanging real money.”

Link: CoinDesk.com