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Cryptocurrency in Canada

May-22-2018

Lawyer Allan Goodman, Michael Partridge
Area Corporate Finance and Securities, Technology

Summary

Article originally published in Practice Law Canada, May 2018

Excerpt from "Cryptopcurrency in Canada":

Cryptocurrency is a type of digital asset that uses blockchain technology to record transactions and manage the issuance and transfer of the cryptocurrency in a decentralized manner that prevents fraudulent transactions.

Bitcoin, which was introduced in 2009, has become the most widely used and accepted cryptocurrency. Other widely used cryptocurrencies include Ethereum, Ripple, Bitcoin Cash and Litecoin, but there are currently well over 1,000 different cryptocurrencies that have been created for various purposes. Cryptocurrencies are widely traded through online exchanges.

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