The Danish Financial Supervisory Authority said the exemption of self-custodial wallets from MiCA doesn’t mean such wallets should be banned.
Contrary to recent social media reports suggesting that Denmark was "about to ban" Bitcoin wallets, Danish regulators have not proposed banning self-custodial cryptocurrency wallets.
The Danish Financial Supervisory Authority (DFSA) has denied the reports falsely suggesting that the regulator plans to ban self-custodial wallets, also known as non-custodial wallets.
“We are aware of some misinformation circulating on social media suggesting that the DFSA intends to ban hardware wallets and other non-custodial wallets,” Tobias Thygesen, DFSA’s director for fintech, payments services and governance, told Cointelegraph. He stated:
