ZenMindful
Fri Jun 07 2024
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7 answers
1297
Can Canada track crypto?｜The federal government is cracking down on potential tax cheats by and giving the Canada Revenue Agency more teeth to penalize taxpayers who refuse to disclose information it wants.introducing new measures to track cryptocurrency transactions
Could you elaborate on whether Canada has the ability to trace cryptocurrency transactions? It seems the federal government is stepping up its efforts to clamp down on potential tax evasion by bolstering the Canada Revenue Agency's authority to penalize those who withhold information. Could you explain how these new measures might work in tracking crypto transactions? Are there any specific tools or techniques being utilized? Additionally, what challenges might Canada face in effectively tracking cryptocurrency, given its decentralized nature?
