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Topic: Canada approved paying bitcoin with Bitcoin for Innisfil town (Read 704 times)

sr. member
Activity: 910
Merit: 252
Just now noticed from investinblockchain that Canada accepting bitcoin for paying Tax. This is one of most important positive news in my opinions. Accept paying tax with bitcoin means, bitcoin is fully supported by central government. I believe more country will encourage when most of rich country will start accept bitcoin officially.  Tax payer can pay tax by using Coinberry app, and it will convert bitcoin to Canadian currency.
i am noticing this news bit later even i think its the great news were most of the asians countries busy banning western contries ado[pting more even for tax paying . So only Western Countries economically far ahead  compare to Asian countreis. But it is really great move from Canada.
full member
Activity: 532
Merit: 101
Just now noticed from investinblockchain that Canada accepting bitcoin for paying Tax. This is one of most important positive news in my opinions. Accept paying tax with bitcoin means, bitcoin is fully supported by central government. I believe more country will encourage when most of rich country will start accept bitcoin officially.  Tax payer can pay tax by using Coinberry app, and it will convert bitcoin to Canadian currency.

This is very good news Canada accepting bitcoin for paying Tax. This is one of most important positive news for every investor and trader. Accept paying tax with bitcoin, bitcoin is fully supported by central government. I believe more country will encourage when most of rich country will start accept bitcoin officially. then it will very help for all country.for trade and invest i think.
Its nice to heard that Canada are already accepted bitcoin for paying tax. This is a good step of their government, because it can encourage their people to invest, and also many of their countrymen to become interested. It proves only that they have a lot of knowledge about bitcoin and they see its very useful to their country.
full member
Activity: 658
Merit: 100
That's really good news. The more countries will accept bitcoin as payment, the better it will affect the market.
I don't think this is the cause of the increase in bitcoin at the moment, but at least this news is increasingly convincing investors to invest with bitcoin.
I want all business people to begin to realize that bitcoin is an amazing discovery that is feasible to be adopted in various business fields.
member
Activity: 188
Merit: 17
more specific tax payments for property.  this is the government's concern for crypto enthusiasm.  the Canadian government has not 100% received and adopted tax payments with BTC.  because payment is only via coinberry platform.  and then converted to Canadian dollar currency.
full member
Activity: 812
Merit: 102
That's really good news. The more countries will accept bitcoin as payment, the better it will affect the market.
full member
Activity: 1092
Merit: 117
It has long been necessary to come to an agreement that cryptocurrencies should be given official status. Because it makes no sense to stop the process of creating new settlement systems that is already running. Yes, now few are ready to buy cryptocurrency. But people's interest is growing, needs too. If the British government is ready to come to a legislative settlement of this issue, then other European countries may soon follow their example.
there are so many cool projects appearing, ready to help those who wish to master cryptocurrency investments, for example taklimakan. And this is logical, because since there is a tendency of growth in the number of people interested in cryptocurrency, then new platforms appear for this request. Such facts cannot be ignored by the government, and quite soon all countries will give cryptocurrency legal status.
That's right. If governments see there is interest in cryptocurrencies from people and new projects related to bitcoin appear every year they can't ignore it. Also it would be useless for them to try and destroy something that's just at the beginning and it's prospering by each day so the only solution for them is to accept it as a legal currency. This small towns accepting bitcoin are just the beginning, I'm wondering when will bigger countries start to take actions like this.
newbie
Activity: 13
Merit: 0
It has long been necessary to come to an agreement that cryptocurrencies should be given official status. Because it makes no sense to stop the process of creating new settlement systems that is already running. Yes, now few are ready to buy cryptocurrency. But people's interest is growing, needs too. If the British government is ready to come to a legislative settlement of this issue, then other European countries may soon follow their example.
there are so many cool projects appearing, ready to help those who wish to master cryptocurrency investments, for example taklimakan. And this is logical, because since there is a tendency of growth in the number of people interested in cryptocurrency, then new platforms appear for this request. Such facts cannot be ignored by the government, and quite soon all countries will give cryptocurrency legal status.
It is difficult to give a certain status to cryptocurrencies, when even Bitcoin developers are unknown. Perhaps that's why they are pulling with the solution. But after Microsoft announced that they are planning to do a project that helps with the launch of blockchain projects, it is likely that Europe and the United States will support this initiative and take part in the regulatory process.
Since cryptocurrencies are decentralized, even their creators do not have full control over them. On the stock exchange, we see how easily price can be manipulated, which led to last year's Bitcoin collapse. But now there are more and more offers of security tokens that are practically liquid to securities, this should strengthen the market and open the door to establish rules that should be followed to preserve investors' guarantees.
Governments are pulling the regulation of cryptocurrency for so long, because it has no restrictions. No one will tell you, you cannot invest in your low credit status. No, everyone is equal here. And it is this that stops the structure of power, because they are afraid to completely lose control over the circulation of funds.
newbie
Activity: 14
Merit: 1
It has long been necessary to come to an agreement that cryptocurrencies should be given official status. Because it makes no sense to stop the process of creating new settlement systems that is already running. Yes, now few are ready to buy cryptocurrency. But people's interest is growing, needs too. If the British government is ready to come to a legislative settlement of this issue, then other European countries may soon follow their example.
there are so many cool projects appearing, ready to help those who wish to master cryptocurrency investments, for example taklimakan. And this is logical, because since there is a tendency of growth in the number of people interested in cryptocurrency, then new platforms appear for this request. Such facts cannot be ignored by the government, and quite soon all countries will give cryptocurrency legal status.
It is difficult to give a certain status to cryptocurrencies, when even Bitcoin developers are unknown. Perhaps that's why they are pulling with the solution. But after Microsoft announced that they are planning to do a project that helps with the launch of blockchain projects, it is likely that Europe and the United States will support this initiative and take part in the regulatory process.
newbie
Activity: 12
Merit: 0
It has long been necessary to come to an agreement that cryptocurrencies should be given official status. Because it makes no sense to stop the process of creating new settlement systems that is already running. Yes, now few are ready to buy cryptocurrency. But people's interest is growing, needs too. If the British government is ready to come to a legislative settlement of this issue, then other European countries may soon follow their example.
there are so many cool projects appearing, ready to help those who wish to master cryptocurrency investments, for example taklimakan. And this is logical, because since there is a tendency of growth in the number of people interested in cryptocurrency, then new platforms appear for this request. Such facts cannot be ignored by the government, and quite soon all countries will give cryptocurrency legal status.
sr. member
Activity: 868
Merit: 266
It seems that the initial stigma that was previously associated with bitcoin is now being dropped day by day. For most people, Bitcoin was used by only criminals for illegal purposes such as money laundering and a whole lot of vices but for a major country like Canada agreeing for tax payments to be made with Bitcoins is a huge step which means that the country have started cryptos as well.
newbie
Activity: 14
Merit: 1
It has long been necessary to come to an agreement that cryptocurrencies should be given official status. Because it makes no sense to stop the process of creating new settlement systems that is already running. Yes, now few are ready to buy cryptocurrency. But people's interest is growing, needs too. the British government is ready to come to a legislative settlement of this issue, then other European countries may soon follow their example, now Canada, not so far to become as traditional payment
sr. member
Activity: 840
Merit: 252
This should be applied in many countries especially countries that are in the 3rd world countries because it is the thing that they really need. Canada proved again that cryptocurrency is not bad for the government and decentralization doesn't mean they have no control of it. It is really good news for the investors and traders.
jr. member
Activity: 84
Merit: 2
This is really good for Bitcoin and better for the people of Canada. The Canadian government has accepted Bitcoin to pay taxes. This is certainly good news for the Bitcoin users in Canada. They will be able to perform their necessary activities with bitcoin. And I think the governments of all the countries will gradually accept Bitcoin.
member
Activity: 272
Merit: 10
This is what we call adoption. While developed and progressive nations are adopting new innovations, some other poor countries are calling bitcoin Ponzi and Pyramid scheme and all forms of malicious name, while the rich and government officials are secretly buying and storing for the futures, but the gullible who see no harm in their financial slavery to the banks and government are listening to a misleading government advise. Thank you Canada.
sr. member
Activity: 1008
Merit: 355
Just now noticed from investinblockchain that Canada accepting bitcoin for paying Tax. This is one of most important positive news in my opinions. Accept paying tax with bitcoin means, bitcoin is fully supported by central government. I believe more country will encourage when most of rich country will start accept bitcoin officially.  Tax payer can pay tax by using Coinberry app, and it will convert bitcoin to Canadian currency.

There are now many governmental agencies in many parts of the world that are now starting to accept payments using Bitcoin and even other well-known cryptocurrencies as well. However, this does not mean that the government has already approved Bitcoin as far as its legitimacy is concerned. For these agencies, this is just another way they can provide easier ways that people can pay their obligations. However, this can be a good start and soon we can have the government take a look at ways they can support Bitcoin. I am just hoping that more taxpayers can be paying their tax with Bitcoin so these agencies can be encouraged to continue working with Bitcoin.
hero member
Activity: 1246
Merit: 588
Once the entire world get to know and understand that they can't stop people from using Bitcoin, they will have no choice but to accept the use of it. I usually get excited when I see such news regarding the acceptance of Bitcoin as an alternative form for the payment of goods and services. Its great that Canada has seen the relevance of using Bitcoin in their financial economy.
They will exactly can't do that even if they are going to ban it. Accessing bitcoin can still be pretty easy, It is because of the support that the industry are getting.

Canada is somehow an open minded country that is why they are also one of the leading countries when it comes to economic growth. Even if for now the best thing to do it is to have a partnership with the private companies that are actually holding coins
member
Activity: 224
Merit: 62
Sure a welcoming new and congratulations to Canada. I guess this helps to conclude that Canada is indeed more according than most countries in the West.

I mean we just had to give up 12 million to a private company, that no one wanted, because we vote people to vote for us, instead of voting ourselves.

https://globalnews.ca/news/5145773/catherine-mckenna-loblaw-new-fridges/

Yes, I am all about energy efficiency, but not giving a private company my money!  WHERE IS MY FREEZER?
full member
Activity: 966
Merit: 153
Sure a welcoming new and congratulations to Canada. I guess this helps to conclude that Canada is indeed more according than most countries in the West. This alone can bring great positive attention to Bitcoin making it adoptions open.
If we could see more of this from major countries like US, Britain and a few others Bitcoin will be certainly souring higher in the next few years.
member
Activity: 224
Merit: 62
I mean if my government sees bitcoin as a currency (they make us claim it here in Canada as income and tax it)
They need to accept it for us to pay with taxes with.
sr. member
Activity: 1428
Merit: 250
It's a great advantage of bitcoin, it's mean bitcoin now officially accept in some state in Canada! it's a great way and example to create interest for other country, now other country also will be show interest aboutbitcoin as a payment gateway! every bitcoin holders can feel happy for spreading bitcoin value in important leading countries in the universe!
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