Canada Schemes to Launch Audits Against Bitcoin Tax Evaders

He also refused to clarify his comments regarding money laundering or engage the Bitcoin CEO in an actual conversation regarding regulation or the issue of Canadians being forced to choose between cryptocurrency and basic banking services.The situation is reminiscent of that in India where banks are forcing users to promise not to use crypto or lose their account.Indian Banks now forcefully taking permission from us to 'reserve right to close our account without further intimation' if we deal in #cryptocurrency transactionsAbility to decide what to do with our own money is the very reason we need to invest, #BUIDL, & believe in #bitcoin pic.twitter.com/MpP34uqGKe— Indian CryptoGirl (@DesiCryptoHodlr) January 9, 2019The CRA commented on its latest initiative.The Canada Revenue Agency (CRA) understands that a vast majority of middle-class Canadians pay their fair share, but it remains committed to ensuring that without exception, every taxpayer abides by the same tax laws.As a world-class tax administration, the CRA is also committed to adapting its administration to keep pace with evolving global services and products, and making key investments to effectively address the new ways of doing business in the global economy.The organization stated that it now has a crypto-intel unit dedicated to collecting intelligence and conducting audits on risks related to crypto.