Pietro
Fri Jun 07 2024
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7 answers
1343
Is cryptocurrency legal in Canada?｜Is it legal for me to purchase Cryptocurrency in Canada? In Canada, Cryptocurrencies are legal to purchase but are not considered legal tender. The Investment Industry Regulatory Organization of Canada (IIROC) requires that all Cryptocurrency trading platforms register with provincial regulators.
Could you please clarify for me: Is the possession and purchase of cryptocurrency considered lawful in Canada? And, are these digital currencies recognized as official means of payment within the country? Additionally, does the Investment Industry Regulatory Organization of Canada (IIROC) have any specific regulations that cryptocurrency trading platforms need to adhere to in order to operate legally in Canada? I'm particularly interested in the registration requirements that these platforms might face with provincial regulators.
CloudlitWonder
Fri Jun 07 2024
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7 answers
1334
Is OKX regulated in Hong Kong?｜and its license application is under review by the SFC.OKX HK is not currently a SFC-licensed virtual asset trading platform (VATP)
Could you please elaborate on the regulatory status of OKX in Hong Kong? I understand that its licence application is currently being reviewed by the Securities and Futures Commission (SFC), but it's not yet a licensed virtual asset trading platform (VATP) in Hong Kong. Is there any progress on this application? What are the potential implications for OKX's operations in Hong Kong if the licence is approved or denied? Additionally, how does OKX ensure compliance with Hong Kong's financial regulations while awaiting the outcome of its licence application?
alexander_clark_designer
Fri Jun 07 2024
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7 answers
1343
Can the IRS see your crypto wallet?｜. Transactions are recorded on a public ledger, making them accessible to anyone, including government agencies. Centralized exchanges provide customer data, such as wallet addresses and personal information, to the IRS.Yes, Bitcoin and other cryptocurrencies can be traced
Could you clarify for me if the IRS has the capability to access my crypto wallet? I understand that crypto transactions are recorded on a public ledger, meaning they're accessible to anyone, including government entities. Additionally, does this mean that centralized exchanges share customer data, like wallet addresses and personal details, with the IRS? So, am I correct in assuming that Bitcoin and other cryptocurrencies can indeed be traced?
CryptoWanderer
Fri Jun 07 2024
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7 answers
1573
How much money can I transfer to my daughter in Australia?｜Can people transfer large amounts of money to family in Australia? You can. Any amount of must be reported to AUSTRAC.$10,000 AUD (or equivalent) and more
Hello there, could you possibly elaborate on the matter of transferring funds to Australia? I'm curious to know, how much money am I allowed to send to my daughter residing in Australia? Also, I've heard rumors about being able to transfer significant sums of money to family members in Australia. Is this indeed the case? If so, are there any specific regulations or thresholds that I should be aware of? I've read somewhere that any amount exceeding $10,000 AUD or its equivalent needs to be reported to AUSTRAC. Could you please clarify this matter for me? Thank you in advance for your assistance.
SumoStrength
Fri Jun 07 2024
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7 answers
1356
Does Bitcoin really have a future?
Does Bitcoin truly possess a promising future? Or is it merely a fleeting fad in the realm of finance? With the volatile nature of its price and the ever-changing regulatory landscape, it's difficult to predict its long-term trajectory. However, some argue that Bitcoin's decentralized nature and finite supply make it a viable alternative to traditional currencies. What's your take on this? Do you believe Bitcoin has the potential to revolutionize the financial industry, or will it fade away like many other cryptocurrencies before it? Additionally, what are the key challenges that Bitcoin needs to overcome to ensure its sustained growth and widespread acceptance?
