Carlo
Fri Jun 07 2024
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6 answers
1015
Is Bitcoin illegal in Canada?｜Yes, Bitcoin is legal in Canada. You can hold, buy, and sell it without any problems. However, some trading venues are not registered with Canada's security regulators, meaning that they could be illegally selling you Bitcoin .
Is Bitcoin considered an illegal currency in Canada?｜Absolutely not, Bitcoin is perfectly legal within the borders of Canada. Canadians are free to possess, acquire, and dispose of it without facing any legal constraints. Nevertheless, it's important to note that some trading platforms operating in Canada may not be registered with our securities regulatory bodies. This implies that engaging in Bitcoin transactions through such unregulated venues could potentially expose you to illegal activities. So, while Bitcoin itself is legal, it's crucial to exercise caution when choosing your trading partner or platform.
