Analyses focus on current issues of particular relevance to Danmarks Nationalbank’s objectives. The analyses may also contain Danmarks Nationalbank’s recommendations. They include our projections for the Danish economy and our assessment of financial stability. Analyses are targeted at people with a broad interest in economic and financial matters.
Crypto-assets: Risks, regulation and usage in Denmark
Interest in crypto-assets has increased significantly in recent years, and the focus on blockchain technology entails both new opportunities and risks. Only a small share of the Danish population has so far used crypto-assets for payments and investments, and the interconnections between the traditional financial sector and the crypto-assets market is limited. Thus, at present, crypto-assets do not pose any significant threat to financial stability in Denmark. However, this may change in the future. Therefore, the coming European regulation that is currently being implemented is an important step towards addressing risks that may threaten financial stability.
Key messages
Why is this important?
In recent years, crypto-assets have seen a significant increase in both interest and market value. However, the assets contain several vulnerabilities that expose investors to large and sudden losses. New regulation in the EU is an important step towards addressing risks that may threaten financial stability in the long term.
Main chart
Danmarks Nationalbank’s household survey indicates that few Danes use crypto-assets
Note:
Danmarks Nationalbank’s household survey from 2023 included questions regarding household ownership of crypto-assets. In the survey, the respondents were asked to indicate whether they had savings/holdings of crypto-assets and to estimate the total value of their holdings.
Source:
Danmarks Nationalbank.