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Some Canadian Bitcoin exchanges reportedly received letters from financial regulators saying they do not have to follow the rules required by US regulators.
At the Bitcoin 2013 show in San Jose today, a panel of businesspeople and attorneys addressed the knotty regulatory challenges faced by bitcoin businesses.
Is bitcoin merely a tool for financial speculation … or a real currency capable of being used to buy and sell goods, as well as for investment purposes?
The Canada Revenue Agency has laid out two different bitcoin tax rules, covering transactions made for goods or services, and for profits made with trades.