Cryptocurrency Q&A
Is Ethereum legal in Canada?
Is Ethereum legal in Canada?
Dario
Wed Jan 01 2025
|
6 answers
1614
The user inquires about the legality of Ethereum in Canada, specifically asking whether the cryptocurrency is recognized and permitted under Canadian law.
6 answers
SsangyongSpiritedStrengthCourage
Fri Jan 03 2025
Cryptocurrencies in Canada have a unique legal status.
Was this helpful?
231
26
DaeguDivaDanceQueenElegantStride
Fri Jan 03 2025
They can be legally purchased by individuals and institutions.
Was this helpful?
131
42
Arianna
Fri Jan 03 2025
Despite their widespread use, cryptocurrencies are not recognized as legal tender in the country.
Was this helpful?
383
93
Federico
Fri Jan 03 2025
This means they cannot be used to settle debts or other obligations in the same way as traditional currencies.
Was this helpful?
399
47
MysticInfinity
Thu Jan 02 2025
The regulatory landscape for cryptocurrencies in Canada is overseen by the Investment Industry Regulatory Organization of Canada (IIROC).
Was this helpful?
377
63
Load 5 more related questions
