Website Terms

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In Canada, cryptocurrency is not considered a legal tender but is classified under securities law due to the asset being intangible. Canada allows users to transact freely with members from the within and outside of the crypto space. Users who have gained financially from crypto currency and have sold their investment to the fiat Canadian Dollar MUST report and pay gains tax.

Canada has made it possible for crypto miners to work in different parts of the country and different provinces are putting out incentives to invite crypto miners into their province. For example, over 300 Megawatts was allocated to facilities in Quebec and Montreal, which brought Canada to the forefront of Crypto Adoption.