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Canada Revenue Agency Is Auditing Cryptocurrency Investors

Liang CHE

Summary: According to cryptoglobe.com, Canada's federal tax agency, the Canada Revenue Agency (CRA), has begun reviewing cryptocurrency investors, and investors are asked to fill out a comprehensive questionnaire on cryptocurrency-related activities. According to Forbes, CRA used to deal with fraudsters who falsely claim that Canadians are asking to pay taxes in bitcoin, so they may be ...

According to cryptoglobe.com, Canada's federal tax agency, the Canada Revenue Agency (CRA), has begun reviewing cryptocurrency investors, and investors are asked to fill out a comprehensive questionnaire on cryptocurrency-related activities. According to Forbes, CRA used to deal with fraudsters who falsely claim that Canadians are asking to pay taxes in bitcoin, so they may be investigating emerging industries for more information. Jared Adams, CRA Project Supervisor, has hinted in the past that Bitcoin can be used to conduct money laundering through social media.

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