Cryptocurrency License for Canada

Joined
Jan 13th 2020
Location
pune
Canada allows the use of digital currencies, along with cryptocurrencies. However, cryptocurrencies aren't considered tender gentle in Canada. Canada’s tax legal guidelines and rules, inclusive of the Income Tax Act, also observe to cryptocurrency transactions. The Canada Revenue Agency has characterized cryptocurrency as a commodity and stated that the use of cryptocurrency to pay for goods or services should be handled as a barter transaction.
 
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