Is Crypto Legal in Greenland?

Greenland does not have specific cryptocurrency regulations of its own. As an autonomous territory within the Kingdom of Denmark, Greenland's financial system generally follows Danish policies and frameworks. Denmark's central bank, Danmarks Nationalbank, has issued warnings about the high risks associated with crypto-assets, noting that unbacked cryptocurrencies are speculative assets with large price fluctuations that expose investors to significant market risks (1).

Currently, less than 4 per cent of Danish households own crypto-assets, and at present, crypto-assets do not pose a significant threat to financial stability in Denmark or its territories. The Danish Financial Supervisory Authority has stated that cryptocurrencies used as payment methods are generally not regulated by the agency, with the primary focus being on taxation through the Danish Tax Agency. However, the upcoming EU Markets in Crypto-Assets Regulation will provide a comprehensive regulatory framework for crypto-asset issuers and service providers (1).

"Unbacked crypto-assets are not backed by real, productive assets or payment flows, resulting in large price fluctuations. Further, these assets are traded on trading platforms characterised by high complexity and low transparency."

According to the IMF, the regulation of crypto-assets requires effective supervision and oversight proportionate to the financial stability risks they pose. The organization emphasizes that authorities should apply the principle of "same activity, same risk, same regulation" to crypto-asset activities and markets. For Greenland, cryptocurrency adoption remains minimal due to limited infrastructure and the absence of dedicated regulatory frameworks for digital assets (2).

Source:
https://www.nationalbanken.dk/media/gkgmvfrs/crypto-assets-risks-regulation-and-usage-in-denmark.pdf
https://www.fsb.org/uploads/P111022-3.pdf

Last updated: 18-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.