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Does Canada impose any restrictions on the use of cryptocurrencies? It seems that in Canada, cryptocurrencies are recognized as legal, but they are not considered as legal tender. This raises the question of whether businesses can freely accept them as a form of payment. Can businesses choose to accept cryptocurrencies at their own risk? Additionally, how does the Canada Revenue Agency (CRA) view cryptocurrencies? Will they accept them as a method of payment for taxes? Despite these considerations, it seems that individuals are legally allowed to purchase cryptocurrencies. Could you elaborate on these points and clarify the legal status of cryptocurrencies in Canada?
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