Stablecoins are cryptocurrencies, in which the value of which is pegged, or tied, to that of another currency, commodity or financial instrument. In other words, Stablecoins are intended to be — and largely have been — less susceptible to volatility because they are backed by another asset. Theoretically, they serve as a safe-harbour to the daily fluctuations of all other cryptos like Bitcoin (BTC) or Ethereum (ETH)
Crypto myth: Currently, there are over 19,000 crypto security tokens. DeFi and Web3 seem to be all the rage. It attempts to displace and dislodge the current banking system. The current system has been around since World War I due to the ascension of the United State Dollar as the world’s reserve currency.
Luna Terra crypto crash. Why did crypto crash today? Do these things to be ready before the next cryptocurrency crash.
Cryptocurrency tax: Founded in 2016, our firm has since helped clients across the country to answer questions about buying, investing in and selling cryptocurrencies.
Every cryptocurrency disposition or transaction creates a TAXABLE EVENT. Whether buying, selling or trading, any gains or losses that result are taxable.
Crypto currency role in war. The Western block has weaponized the SWIFT messaging system. This is a primer, what what is really SWIFT and why it is at the center of Western sanctions against Russia?
Crypto has been marketed by Michael Saylor, CEO of Microstrategy as an anonymous system. It's been shown recently that governments can have a lot of information into who is buying and selling crypto. What are the risks of not reporting your crypto gains?
Canada crypto tax is triggered whenever a taxable crypto transaction of any type. Tax due is calculated whether it is a capital gain or business income. How much tax is due is dependent on each individual scenario.
For many years, crypto taxes and trading crypto has, for many, been the land of the free. Literally. Governments around the world are starting or have crypto banned, regulated or legalized. In Canada, this is not the exception. Since 2016, the Canada Revenue Agency (CRA) has had rules around crypto how to tax currency.
