Welcome to Crypto market(Canadian Dollar) in CANADA
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November 2013.
The Canada Revenue Agency has announced a policy regarding the taxation of Bitcoin.
This means that if bitcoin is used for commercial transactions, the same rules apply as for barter transactions with respect to taxation.
In Canada, the federal government has announced plans to regulate bitcoin through anti-money laundering and anti-terrorist finance legislation.
The Autorité des marches financiers, a government agency, has also announced that it will regulate bitcoin transactions, particularly those involving bitcoin ATMs, under the Security Act (Loi sur les valeurs mobilières), the Derivatives Act (Loi sur les instruments The Autorité des marches financiers has also announced that it will prosecute violations of the security law (Loi sur les valeurs mobilières), the derivatives law (Loi sur les instruments dérivés) and the financial services law (Loi sur les enterprises de services monétaires), particularly with regard to Bitcoin ATM transactions.
2019
The Government of Canada announced amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Terrorist Financing Act) in the Canada Gazette on July 10, 2019.
The changes to financial regulations, outlined in late June, are notable not only for targeting what they perceive as gaps in traditional finance,
but also for imposing higher hurdles than before on platforms that "deal in virtual currencies. Covered activities include "virtual currency exchange services and services that transfer value," the government explained.