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Coinbase Launches Instant Exchange, Protects Users from ... from insidebitcoins.com Is bitcoin legal in canada? We operate in 103 different countries around the world. Therefore, cryptocurrencies come under the income tax act. Coinbase allows you to purchase crypto through their service, but doesn't allow you to sell it and deposit the funds of the sale to a canadian bank account. The canadians themselves are generally well versed in bitcoin, with at least 85% of residents being aware of it. Purchasing goods or services with cryptocurrency counts as a barter transaction in the eyes of the canadian revenue agency. Sign up with coinbase and manage your crypto easily and securely. How low are coinbase fees?
Bitcoin and all other cryptocurrencies are grouped together.
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Is btc legal in canada?
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Is bitcoin legal in canada?
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