Cryptocurrency Q&A
Is mining bitcoin illegal in Canada?
Is mining bitcoin illegal in Canada?
CryptoQueen
Tue Dec 24 2024
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6 answers
901
I'm wondering if mining Bitcoin is considered illegal in Canada. I've heard mixed opinions on this and would like to get a clearer understanding of the legal status of bitcoin mining in the country.
6 answers
Michele
Wed Dec 25 2024
Bitcoin mining holds a legal status in Canada.
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KimchiQueenCharm
Wed Dec 25 2024
One such regulation is registering with the Financial Transactions and Reports Analysis Centre of Canada.
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AmethystEcho
Wed Dec 25 2024
FINTRAC is a government agency responsible for monitoring financial transactions.
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DigitalLegendGuard
Wed Dec 25 2024
The Canadian government recognizes Bitcoin as a commodity.
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SakuraTide
Wed Dec 25 2024
This means Bitcoin can be traded, bought, or sold within the country.
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