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Canada's tax laws and rules, including the income tax act, also apply to cryptocurrency transactions. Or at a bitcoin atm. Given its popularity, it's not surprising that bitcoin got under canada revenue agency's radars. Bitcoin legality status all over the world legal or illegal status of bitcoin in united states india united kingdo cryptocurrency bitcoin top cryptocurrency. Let's find out which these countries are and which crypto coins are legalized by which countries. The currency act defines legal tender. Canada allows the use of digital currencies, including cryptocurrencies. However, it appears it issued a preliminary ruling that using bitcoins.
The short and definite answer is yes.
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