Cryptocurrency Q&A
Is Bitcoin legal in Canada?
Is Bitcoin legal in Canada?
Paolo
Thu May 09 2024
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5 answers
1249
Excuse me, I have a question about the legality of Bitcoin in Canada. Could you please clarify the legal status of Bitcoin in this country? I've heard conflicting information, and I'm trying to understand the official position. Is it considered a legal tender or is it just treated as a commodity? Are there any specific regulations or restrictions surrounding the use and ownership of Bitcoin in Canada? I'm interested in investing in cryptocurrencies, but I want to ensure that I'm doing so within the confines of the law. Thank you for your time and assistance.
5 answers
JejuSunshineSoulMateWarmth
Sat May 11 2024
Cryptocurrencies are legal in Canada, allowing individuals to purchase them freely.
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Sara
Sat May 11 2024
BTCC is a UK-based cryptocurrency exchange that provides various services.
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CryptoNinja
Sat May 11 2024
Despite their legality, cryptocurrencies are not recognized as legal tender.
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BlockchainLegendary
Sat May 11 2024
Businesses can choose to accept cryptocurrency as payment, but this is done at their own risk.
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Carlo
Sat May 11 2024
The more formal CRA in Canada does not accept cryptocurrency as a form of payment for taxes.
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