Is cryptocurrency regulated in Canada?

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Is cryptocurrency regulated in Canada?

Rounding it up

  • Canada usually regulates cryptocurrencies like securities.

  • Securities refer to tradable financial assets, like ETFs, shares, and stocks.

  • Cryptocurrency exchanges have to follow the same regulations as money service businesses.

  • When it comes to taxes, Canada taxes crypto as capital gains or business income, depending on how the person in question made them.

7 min read

Cedric Jackson
#cryptocurrency#crypto#bitcoin#regulation

Cedric Jackson

Cedric Jackson is a crypto writer, sharing his experience to educate and inform people about Bitcoin, cryptocurrency, and blockchain technology, aiming to provide a global perspective on the events shaping the development of the new crypto economy.

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