How Much is a Bitcoin Worth? How is the value calculated?
As explained by Francis Pouliot, Co-founder, Research and Cryptoassets at Catallaxy: “It provides a certain independence with regard to the risks generated by the central banks’ policies. This is a secure, open source technology that is audited in real time. A transaction can’t be removed or prevented.”
Don’t forget about taxes
Our Partner Louis Roy advises: “Don’t forget that returns on cryptocurrency are taxable. If you haven’t already done so, now’s the time to ensure your bookkeeping is accurate to avoid issues with the tax authorities.” Keeping supporting documents will be even more important as exchange platforms don’t provide you with forms like the banks and brokers do.
For more information, read the article published in Les Affaires on February 24, 2018 (only available in French and for subscribers).
12 Mar 2018 | Written by :