Giuseppe
Fri Jun 07 2024
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5 answers
813
Are cryptocurrency legal 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.In Canada, cryptocurrencies are legal
Could you clarify for me, are cryptocurrencies recognized as legal in Canada? I understand they're not treated as official legal tender, but does that mean they're completely prohibited? I've heard that businesses can opt to accept them, albeit with their own risks. But what about the CRA? Would they entertain cryptocurrency as a means of paying taxes? On the other hand, is it lawful for anyone to buy crypto in Canada? I'm just trying to get a clear picture of the legality surrounding cryptocurrencies in this country.
