Page 7 - Realty News & Views digital

January 778-868-7224 Realty News 7

Bitcoin is Legal

to buy and transact

in Canada

Bitcoin is Legal to buy and transact in Canada and is regulated
by anti-money laundering legislation and counter-terrorist fi-
nancing legislation.

Given its popularity, it’s not blockchain, the technology pow-
surprising that Bitcoin got under ering Bitcoin and 800+ other
Canada Revenue Agency’s digital currencies. As recent as
radars. If you buy, hold and sell in February -17, it was reported
virtual currency, and make a that Ottawa was exploring the
profit in the process, you must feasibility of Canada becoming
claim that profit as capital gains. a global hub for the blockchain
“revolution”.
Not reporting capital gain
income is considered illegal. Senior government officials
Interestingly, if you use Bitcoin discussed the opportunity in a
as part of your personal business meeting with bankers, corpo-
expenses, your deduction for the rate executives, regulators, and
expense would be the Canadian experts in the Tech industry.
Dollar equivalent amount, based
on the exchange rate at the time. The premise is to position Cana-
da at the forefront of blockchain
Not only is Bitcoin legal to own innovation and create a founda-
and trade in Canada, the Canadi- tion for the Canadian economy
an government and central bank to grow as industries undergo
are making significant steps to structural shifts.
understand the merits of the

2018 is going to be a tre- different with over one thousand
mendous year for crypto- attendees expected to network
currencies. The new year in the tropical surroundings of
will begin with the 6th Miami. The event will cover a
wide array of topics including
North American Bitcoin blockchain technology, Bitcoin,
Conference in Miami on Ethereum, ICOs, token sale
January 18 and 19. mechanics, investing, regula-
tion, startups, disruption, and
The conference will be held at much more. This year, speakers
the James L Knight Centre in include:
downtown Miami. A networking
event is scheduled on January Roger Ver – CEO at Bitcoin.com
17th at the Clevelander South Craig Sellars – Cofounder and
Beach Hotel and bar, where there Advisor at Tether
will be plenty of opportunities to Sasha Ivanov – Founder & CEO
speak with CEO’s of companies of Waves Platform
and Bitcoin enthusiasts. That will Brock Pierce – Cofounder of
be followed by two full days of Blockchain Capital
Bitcoin-centric speakers, learn- Jeremy Gardner – Founder at
ing sessions and product demos Augur
of existing and new businesses in and many more.
the emerging industry of crypto- The conference has their own
currency. mobile app called BTC Miami Мы знаем цену времени
for both Apple and Android
Moe Levin, the host of the event, devices. и деньгам... стр.9
has done an exceptional job in https://cryptocanucks.com
the past and this year will be no