Topic: [2014-01-16] Canada rules bitcoin is not legal tender (Read 844 times)
I really like these stupid laws and statements, it makes taxes and book keeping a lot easier
Bitcoin rules Canada is not tenderly legal.
I know. Pretty useless to say so. As far as I know € is not legal tender in Canada either... The journalist is a moron...
Hehe, Canadian dollar is also not a legal tender here, where I live, so what? 
Thank you for stating the obvious Cnbc reporter 
There is no legal tender that is not a Canadian dollar in Canada
Unless its a mintchip in a few years
I wish they had a comments section to rage in on that site ha-ha
There is no legal tender that is not a Canadian dollar in Canada
Unless its a mintchip in a few years
I wish they had a comments section to rage in on that site ha-ha
In other news, Canadian Tire Money is not legal tender either. 
Sigh. "not legal tender" does not mean "not valid" or "not legal".
I know. Pretty useless to say so. As far as I know € is not legal tender in Canada either... The journalist is a moron...
The legislation is pretty cut and dry. http://laws-lois.justice.gc.ca/eng/acts/c-52/page-1.html
Quote
The Canadian government has decided bitcoin is not legal tender in the country
Sigh. "not legal tender" does not mean "not valid" or "not legal".
Quote
The Canadian government has decided bitcoin is not legal tender in the country, The Wall Street Journal reported on Thursday.
"Only Canadian bank notes and coins are recognized as legal tender in Canada. Bitcoin digital 'currency' is not legal tender in Canada," a government official said in a statement to the paper.
The Journal reported that the Canadian government had thus far been quiet on the subject.
But while Canada was ruling that bitcoin was not valid, the U.S. government was going the other direction—seizing about $28 million worth of bitcoins from the Silk Road website.
The 29,655 coins were forfeited as part of a criminal investigation into Silk Road, the U.S. Attorney's Office in Manhattan said in a statement.
"Only Canadian bank notes and coins are recognized as legal tender in Canada. Bitcoin digital 'currency' is not legal tender in Canada," a government official said in a statement to the paper.
The Journal reported that the Canadian government had thus far been quiet on the subject.
But while Canada was ruling that bitcoin was not valid, the U.S. government was going the other direction—seizing about $28 million worth of bitcoins from the Silk Road website.
The 29,655 coins were forfeited as part of a criminal investigation into Silk Road, the U.S. Attorney's Office in Manhattan said in a statement.
http://www.cnbc.com/id/101343464
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