Bitcoin More Efficient for Paying Taxes in Canada

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Gate Trade News Friday, August 23, 2019 25

 

Bitcoin More Efficient for Paying Taxes in Canada, Says Local Exchange

 

Evan Kuhn, the co-founder of Toronto-based cryptocurrency exchange Coinberry, has claimed Bitcoin (BTC) is more efficient for paying taxes than bank cards.

 

As real estate news outlet Mansion Global reported on Aug. 22, Kuhn said his company takes much lower fees than the ones that card institutions impose on their clients, adding: 

 

Bitcoin transaction fees six times lower than credit cards

 

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