Will coinsquare be able to disclose client data to the CRA?

“Instead of providing the CRA with all client data dating back to 2013 as was initially requested, Coinsquare and the CRA have agreed that information relating to 90-95 per cent of our clients will not be disclosed,” the company said in a statement Tuesday.

Is coinsquare safe?

In light of the recent breach of the Canadian crypto exchange, Coinsquare has reassured its clients that their assets are safe. The company claims that all client assets are stored in ‘cold storage,’ which is not connected to the internet and is therefore more difficult to hack.

Will Canadians pay their fair share of taxes on coinsquare?

A CRA spokesperson said the agency would use the information to ensure all Canadians trading cryptocurrencies on Coinsquare were paying their fair share of taxes Coinsquare is a crypto marketplace that allows users to buy and sell (or “trade”) a range of digital currencies such as Bitcoin or Ethereum. Photo by Dado Ruvic/Illustration/Reuters

Is coinsquare storing client funds in cold storage?

“We want to reiterate that 100% of client funds are safely held in cold storage and are not used for business activities,” the company tweeted. CoinDesk reached out to Coinsquare for further comments and the exchange is yet to respond.