You might think that as far as the Defi is decentralized the government has nothing to do with the new decentralised finance and what are going on there. Well, some of you could be surprised, and if others think that, by many rules, the government is pushing to tax transactions in cryptocurrencies in DeFi, then you might be right. But before get more details, it is time to ask yourself which taxation rules and laws are applied to all your cryptocurrency’s Defi transactions in Quebec and in Canada, How does it work and what are your obligation in terms of tax?
Before exploring the core of the video, if you’re a novice in the world of cryptocurrencies, then this may be your first encounter with the Defi concept. Worry not. Till the end of this VIDEO, you’ll get a good understanding of DeFi.
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