Canada approved paying bitcoin with Bitcoin for Innisfil town

[Cryptoobiobi]

This is a great news. I see see more Canadian States adopting this method as well. I know it very soon we will get more and more news on bitcoin adoptions across different parts of the world. I really cant wait to make an all bitcoin payed trip from Peru to USA or other parts of the world. 

[Nick Abimanyu]

In the past two months, I have seen so much positive news in various media that are milling about related to cryptocurrencies, bitcoin especially. Because the value of bitcoin is very dependent on the user and its usefulness both in the economy and consumption, this news will certainly always get a positive response from the wider community.

For the development of cryptocurrencies in the future, perhaps there will be many banks that are to receive various innovations that can provide benefits such as bitcoin which can be applied internationally, innovatively and can help solve international problems. If this can happen, I think the growth of mass adoption it seems will not be inevitable.

[Kakmakr]

It is a pitty that they are not accepting Bitcoin directly, but rather opted to use a payment processor type service to convert all coins received to fiat currencies. <I guess it has something to do with the Bitcoin volatility, because it will be bad if you pay your $10 000 tax today and then it's value goes down to $8000 in a week.>  

I figure Andreas's discussion with the Canadian senate a few years ago, has opened up a few doors for Bitcoin in that country now.    Canada has not been hostile towards Crypto currencies and they are showing some good promise to be one of the pioneers in the Crypto currency industry.  

[Indrawan77]

Its good, this is another big step, with more and more permit from governments we are more and more towards the mass adoption, but I am curious about the regulation that the government going to implemented, and hopefully there is no bad incident like scamming, or exchanges running away with the investors money, so the government could focus and make the regulation that can profit both sides

[aylabadia05]

Positive news, hopefully other countries will follow like Canada that receives tax payments with bitcoin. It is indeed feasible that Bitcoin must be accepted as a legitimate transaction tool, only a few countries reject Bitcoin.

[manok jepang]

I, as a bitcoin user, was very happy to hear this news even though this news was outside my country. Today more and more countries are providing great opportunities for bitcoins to be accepted as exchanges and transactions.

[teejayrichard2]

There is no news that gladdens my heart other than seeing or hearing a particulat country adopts and approves bitcoin for transactions. It goes to show bitcoin growth is on the increase and in no time we will see it spread across the globe. This is definitely a welcomed development from Canada and the bitcoin community is happy.

[DreamStage]

Those are such good news. Im very happy for them as overall community member.
That makes me feel more positive where more countries will probabily adopt the same principle of the taxing. Making it so that the Bitcoin price rises once more since more investors will take their chances to join this great crypto world.

[thankyoulord]

This is the best news i have heard this month. Canada has done welll and i know for sure neighbouring countries will see this and will be moved to do same. The bitcoin community desires nothing more than seeing bitcoin being adopted for use in all parts of the world.

[ghermghuda]

Some recent news I'm seeing off late shows Canada is trying a large scale crypto/Bitcoin acceptance behaviours. This is something great to hear as a crypto enthusiast. It shows even though some nations are against us, we have tons of powerful nations ready to help make the space better for all.

[andreibi]

One of the biggest strengths of national currencies is that you have to pay tax with them. You have no choice but to acquire your national fiat come tax season. But now in Canada, the news is big. You can pay taxes with Bitcoin. That is a big development.

[rodel caling]

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.

Great news this the most awaited of every nation or country to get taxes from crypto currency, this ideas of canada best pattern guide of each country how to collect taxes.

[BlackFor3st]

This is another step for bitcoin to become more popular, accepting bitcoin for paying tax is a good sign that bitcoin will dominate the future because of it's usage.

If other countries will follow by using bitcoin in any form of payment then there is a very high chance that bitcoin will be legalize and will be accepted  in all countries. This is what I've been waiting, once all the government will use bitcoin in the future then sending money, paying bills, shopping and etc will become more easy.

[minersday]

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.

[Rahman11]

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!

[TimeBits]

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.

[vintages]

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.

[TimeBits]

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?

[darklus123]

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

[CryptoBry]

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.