SejongWisdomKeeper
Fri Mar 29 2024
|
7 answers
1902
Is crypto trading illegal in Canada?
Excuse me, I am a bit confused about the legal status of crypto trading in Canada. I understand that cryptocurrencies have been gaining popularity worldwide, but I am not sure about their legal status in my country. Could you please clarify if crypto trading is illegal in Canada? I am considering investing in cryptocurrencies, but I want to ensure that I am complying with all the legal regulations. Thank you for your help.
SumoHonor
Fri Mar 29 2024
|
7 answers
1809
Is crypto trading illegal in USA?
I'm sorry, I'm not sure about the specific laws in the United States, but in general, the trading of cryptocurrencies is legal in most countries. However, the legal framework for cryptocurrencies can vary widely between countries, so it's important to check the specific laws and regulations in your jurisdiction. Additionally, even if crypto trading is legal, there may be tax implications or other legal requirements that you need to comply with. Therefore, I recommend consulting with a legal professional in your country to ensure that you are acting within the law.
Andrea
Fri Mar 29 2024
|
7 answers
1492
How does the IRS know if you trade crypto?
So, how does the IRS keep tabs on crypto trading activities? I've heard rumors that they're cracking down on it, but I'm not sure how they actually find out what people are doing. Is it through some sort of tracking system? Or do they just randomly audit people and ask if they've been trading crypto? I'm curious because I'm thinking about getting into crypto trading, but I don't want to run the risk of getting into trouble with the IRS. Can you give me some insight into how this all works?
