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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.
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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