Canada to tax bitcoin users
The Canada Revenue Agency has clarified its position on bitcoin. It has laid out two different tax rules, covering transactions made for goods or services in bitcoin, and for profits made through speculative trades. According to a report by Canada's CBC, the CRA will invoke its barter transaction rules when bitcoins are used to buy goods or services. These are laid out in paragraph 3 of its Interpretation Bulletin. The document says that the value of whatever is received is at least equal to the value of what is given up. The CRA also has a document called Transactions in Securities, which....
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Digital currency exchange and wallet provider Coinbase has extended bitcoin and ether buying to customers in Canada and Singapore, within days after announcing the same feature to Australian users. Firmly in its global expansion phase, bitcoin and ether exchange and wallet Coinbase has now enabled its bitcoin and ether buying feature to customers in Canada and Singapore. Users in the two countries will be able to purchase the cryptocurrencies instantly with their debit and credit cards. Canadian users will be restricted to buying bitcoin and ether while not being to sell them just yet,....
http://www.youtube.com/watch?v=3BKawxWMfbA. From video description: Michael Perklin (Bitcoin Alliance of Canada), Francis Pouliot (Bitcoin Embassy/Bitcoin Foundation Canada), Jillian Friedman (Bitcoin Foundation Canada), Guillaume Babin-Tremblay (Bitcoin Foundation Canada), Stuart Hoegner (Bitcoin Alliance of Canada).
Canada's largest Bitcoin exchange QuadrigaCX has announced an ambitious plan to create a Bitcoin ATM network all across the nation. The trading platform will install BitXATM Sumo PRO in all the major cities of the country. Pertaining to this development, QuadrigaCX's CEO Gerald Cotton said, "We are excited to finally be bringing some functional and beautiful two-way Bitcoin ATM machines to Canada." The company doesn't plan to go overboard and install all the automated teller machines at once, instead, the machines will be dispatched in batches of five. Gerald expects the first batch of....