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Oblodo (OP)
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January 17, 2014, 12:08:57 AM
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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.

http://www.cnbc.com/id/101343464
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January 17, 2014, 12:30:19 AM
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Sigh. "not legal tender" does not mean "not valid" or "not legal".
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January 17, 2014, 12:46:19 AM
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Quote from: Oblodo on January 17, 2014, 12:08:57 AM
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The Canadian government has decided bitcoin is not legal tender in the country
So the Canadian government rules/decides how to interpret law?  I think it's more their opinion, only a high court can rule about law.
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January 17, 2014, 01:05:13 AM
 #4
The legislation is pretty cut and dry. http://laws-lois.justice.gc.ca/eng/acts/c-52/page-1.html
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Oblodo (OP)
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January 17, 2014, 01:16:43 AM
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Quote from: odolvlobo on January 17, 2014, 12:30:19 AM
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...
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January 17, 2014, 03:10:21 AM
 #6
In other news, Canadian Tire Money is not legal tender either. Roll Eyes
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January 17, 2014, 07:40:47 AM
 #7
Thank you for stating the obvious Cnbc reporter  Cool
There is no legal tender that is not a Canadian dollar in Canada
Unless its a mintchip in a few years  Wink

I wish they had a comments section to rage in on that site ha-ha
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January 17, 2014, 07:44:42 AM
 #8
Quote from: Oblodo on January 17, 2014, 01:16:43 AM
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? Cheesy
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January 17, 2014, 07:46:06 AM
 #9
Bitcoin rules Canada is not tenderly legal.
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January 17, 2014, 09:33:49 AM
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I really like these stupid laws and statements, it makes taxes and book keeping a lot easier Cheesy
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