Canada

Canada Says Bitcoin Isn’t Legal Tender

(The Wall Street Journal) Canadian officials have been pretty quiet in the Bitcoin debate, but the government’s stance became clearer on Thursday.

Canada doesn’t consider Bitcoin to be legal tender, a government official said, putting a question mark over the use of the increasingly popular virtual currency here.

“Only Canadian bank notes and coins are recognized as legal tender in Canada. Bitcoin digital ‘currency’ is not legal tender in Canada,” an official from Canada’s finance department said in an emailed statement.