The Currency Analytics
By Maheen Hernandez
The tax collection services of Canada is auditing Canadian Cryptocurrency investors. Extensive questionnaires have been sent to the crypto investors concerning the activities…
The Canada Revenue Agency refused to disclose the criteria for selecting the files for the audit citing it might violate the integrity of their risk assessment methodology.
ShapeShift and Changelly permits the investors to buy and sell the cryptocurrency without disclosing the identity of the customer.
The organization looks at digital currencies as commodities and therefore cryptocurrency is subject to taxes like any business income or capital profits.
A research report from Canaccord Genuity Capital Markets, based in Vancouver on BTC stated that the trends were interestingly Bullish.
The Market Watch report stated, “HODLers could be set for a change in their fortunes.” The patterns in trends are indicative of that BTC might be en route to $20,000.
Analysts Michael Graham and Scott Suh just like Justin Sun of Tron noted that Bitcoin might trend in the $3,000 to $5,000 range for the most of the year 2019.
Canaccord wrote “We point to tangible catalysts which could propel the price of Bitcoin in 2019.
An institutional herd is expected following the launch from Fidelity. There are a lot of other things happening for Bitcoin and the overall cryptocurrency industry.