is legal. However, it is not considered by the government to be a legal tender in the land. That being said, one can still buy, sell, and trade digital currencies.
Crypto exchanges are required to register with FINTRAC to comply with Canada’s anti-money laundering rules, which mandate that companies report transactions involving large sums of value and verify the identities of their clients.
In 2021, additional regulations were introduced, such that the platforms would now be under securities laws, making investor protection their top priority.
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