How does the Canadian government regulate cryptocurrency forks?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we believe that the Canadian government does not have explicit regulations for cryptocurrency forks. However, existing regulations for cryptocurrencies in Canada may indirectly apply to forks. It's important for individuals and businesses involved in cryptocurrency forks to understand the legal and tax implications. Consultation with legal and tax professionals is recommended to ensure compliance with applicable regulations. As an exchange, BYDFi follows all relevant regulations and guidelines set forth by the Canadian government to provide a secure and compliant trading environment for our users.
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