Ninjastic
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Re: Canadian Tax Agency Asks Crypto Exchange to Hand Over Clients Personal Data
by
Taskford
on 10/11/2020, 13:43:02 UTC
Quote from: hoaryal1 on November 08, 2020, 03:12:29 PM
According to the National Post media outlet, the Canada Revenue Agency (CRA) has recently made a formal request to a judge of the Federal Court of Canada to compel the Coinsquare Canadian crypto trading platform to provide information and certain documents regarding all its customers starting from 2013.

Full article https://blockchain.news/news/canadian-tax-agency-coinsquare-crypto-exchange-hand-clients-personal-data

The only thing I think about on why the Canadian government do that is because they want to ask taxes on cryptocurrency activities that's why they are asking the information of the traders so that they can validate the income of individual and can ask some bigger taxes on the users.