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Bitcoin legal status in canada.
Funded by the canadian government itself, through bitaccess you can sell bitcoins almost instantly. This is contrary to what is called fiat currency, which is a legal tender backed by an issuing government. 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 treated as a barter transaction. Just be careful to make sure the individual you are trading with has a longstanding reputation. Except for banks that accept bitcoin, there are other methods to purchase cryptocurrency. Is bitcoin trading legal in canada? Financial institutions, such as banks or. The bitcoin risk is everywhere, not just unique to use in. When it comes to purchasing cryptocurrency like bitcoin, it's best to use an exchange. Is btc legal in canada? It's not available as bills or coins. Alternatives for buying bitcoin in canada. Canada has a much more confused attitude towards cryptocurrencies.
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