This guide will show you where to go about buying Bitcoin in Canada. It’ll also explore the legality and popularity of this cryptocurrency in the country. Is Bitcoin legal in Canada? While digital currencies aren’t considered legal tender, Bitcoin is legal in Canada. According to the Government of Canada website, tax rules do apply to […]
Following the approval of Canada’s first blockchain ETF (exchange-traded fund), companies are eager to launch their own blockchain ETFs, well aware that the revolutionary technology is “here to stay.”
Leading the Charge
Harvest Portfolios’ plan to launch Canada’s first blockchain exchange-traded fund (ETF) has officially been greenlit.
The Ontario Securities Commission has approved of Harvest Portfolios’ plan to launch the country’s first blockchain ETF, appropriately titled Blockchain Technologies ETF. The new venture will carry the HBLK ticker, as well as a management fee of 0.65 percent.
Canada has unveiled a government Blockchain identity prototype while declining to change Bitcoin tax rules at the World Economic Forum (WEF) 2018.
‘We Don’t Plan Any Overhaul’ – Finance Minister
As multiple sources report Monday, the country’s finance minister, Bill Morneau, said the government “has no plans” to change tack on how cryptocurrency is treated under Canadian tax law.
“We don’t have any specific Bitcoin or cryptocurrency overhaul,” he told Bloomberg on the fringes of the event.
The comments contrast with those of central bank chief Stephen S. Poloz, who, in a presentation in December, called Bitcoin one of the things that “keeps him awake at night” and cautioned on investment.