Cryptocurrency is the new age of currency. It’s growing in popularity and with it, so does tax concerns. Canadian investors need to understand the tax implications associated with cryptocurrencies like Bitcoin. Here is everything you need to know about how cryptocurrency is taxed in Canada by the Canada Revenue Agency (CRA).
A recent article in the Financial Post said that it was possible the bitcoin bubble could burst. The article quoted a man known only as ‘the bitcoin baba’-a bitcoin expert who had made his fortune in the world of bitcoins.
Bitcoin is a cryptocurrency and a form of electronic cash. It is a decentralized digital currency without a central bank or a single administrator. You can buy it online or ‘mine’ it. Buying it online may be the easier option if you don’t own a large bitcoin farm or mining company.
Cryptocurrency exchanges are basically online sites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. Using an exchange can be a way to trade your cryptocurrency and make the most of the Bitcoin boom.
Vancouver’s cryptocurrency scene is currently the largest in Canada. If you’re looking for bitcoin jobs in Vancouver, there are a few places to get started.
Bitcoin is now more popular than it has ever been, with its price increasing every day and investors flocking to make hay while the sun shines down on the bitcoin investment. However, many experts and regulatory authorities have urged investors to stay away from the Bitcoin boom with some of them even predicting that it is a bubble waiting to pop.
Bitcoins and Cryptocurrency are the hottest topics in the financial circuit. Whether you want to know more about bitcoin mining or learn about bitcoins themselves, here are our top picks for the must-read books in the category.
Bitcoin, Which Has Been Called an Innovative Payment Network and a New Kind of Money, Now Needs to Prove It Is Not Dead.
Inexpensive electricity at Quebec has led to it becoming a hotspot for cryptocurrency businesses. Bitcoin miners are working from warehouses in and around the province running computers all through the day and night.