Questions tagged - Cryptocurrency

SeoulSerenity Fri Jun 07 2024 | 5 answers 982

Does Canada have crypto restrictions?｜In Canada, . They are not, however, considered legal tender. So, while individual businesses can choose to accept cryptocurrency at their own risk, the relatively more formal CRA won't accept it as a form of payment for your taxes. However, everyone and anyone can legally purchase crypto.cryptocurrencies are legal

Does Canada impose any restrictions on the use of cryptocurrencies? It seems that in Canada, cryptocurrencies are recognized as legal, but they are not considered as legal tender. This raises the question of whether businesses can freely accept them as a form of payment. Can businesses choose to accept cryptocurrencies at their own risk? Additionally, how does the Canada Revenue Agency (CRA) view cryptocurrencies? Will they accept them as a method of payment for taxes? Despite these considerations, it seems that individuals are legally allowed to purchase cryptocurrencies. Could you elaborate on these points and clarify the legal status of cryptocurrencies in Canada?

Carlo Fri Jun 07 2024 | 5 answers 1262

Do Canadians pay tax on crypto?｜Is cryptocurrency taxed in Canada? The Canadian Revenue Agency (CRA) treats cryptocurrency as a commodity subject to capital gains tax and income tax. 50% of capital gains and 100% of income from cryptocurrency is considered taxable .

Do Canadians need to pay taxes on their cryptocurrency transactions? I'm curious about how the Canadian Revenue Agency views cryptocurrency. Is it taxed similarly to other commodities, or does it have its own unique tax regulations? I've heard that capital gains from crypto are taxed at 50% and income from crypto is taxed at 100%. Is this accurate, and if so, how does this affect Canadian crypto investors? I'd like to understand the tax implications better before investing in cryptocurrency.

Maria Fri Jun 07 2024 | 5 answers 1245

Is cryptocurrency legal in Vietnam?

Could you please elaborate on the legality of cryptocurrency in Vietnam? I'm interested in understanding the current regulations and any potential changes that might be occurring. Specifically, are there any specific cryptocurrencies that are allowed or prohibited in the country? Also, how does the Vietnamese government view the use of cryptocurrencies for transactions and investments? Thank you for your insights.

CharmedVoyager Fri Jun 07 2024 | 7 answers 1946

Who is buying 100 BTC every day?｜Referred to as due to multiple daily purchases of 100 BTC over several weeks, many have wondered if this could be the nation looking to diversify its sovereign wealth fund's portfolio, a secret billionaire or a bank accumulating BTC ahead of launching an ETF.Mr 100

Who exactly is purchasing a staggering 100 BTC daily? This mysterious figure, known colloquially as "Mr. 100," has garnered much speculation in recent weeks due to his consistent buying spree. Many ponder if this could be a nation aiming to broaden the scope of its sovereign wealth fund, or perhaps a billionaire operating under the radar, or even a bank preparing to launch a Bitcoin ETF. The question remains: who is Mr. 100, and what are their motives behind these significant purchases?