Quote from: peter0425 on May 03, 2024, 08:37:04 PM

Quote from: worldtraveller321 on April 24, 2024, 08:51:01 PM

Question on BTC and other cryptos

This is from being in Canada.
I was wondering if there is a way to further invest with my BTC and other cryptos without and being in legal terms.

That’s hard. Laws are written rules but we can find loopholes and bends to do something a little illegal if wanted. We can do that because our laws have loopholes but it depends on the country where you are so it’s difficult to not talk about the legal terms

From what I know anything you earn from anything must be taxed.

It's true what you say, it feels like it's impossible for us to avoid taxes, let alone converting them into currency, the country of course has special rules for this. No one is truly immune to this problem. They must obey what the government has made. We have to know that if someone opens a business like an exchange, of course they have to register their business license with the government. If they fulfill all the requirements and must comply with the rules in force in that country, otherwise they will be subject to sanctions.