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Cryptocurrency Taxes in Canada: A Deep Dive into DAI
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Cryptocurrency Taxes in Canada: A Deep Dive into DAI

makerdao_dai
February 21, 2023 Tagged Canada, DAI, Tax
As a crypto professional and tax lawyer, I can provide guidance on how to pay taxes for DAI stablecoin in Canada. Firstly, it is important to understand that the...
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Recent Posts

  • EU Tax for Maker DAI (DAI) March 19, 2023
  • Cryptocurrency Taxes in Canada: A Deep Dive into DAI February 21, 2023
  • The Dos and Don’ts of Filing Taxes for DAI in the USA February 14, 2023
  • DAI F.A.Q. February 7, 2023
  • Price History February 7, 2023

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About DAI

Dai is a stablecoin designed to trade as closely to $1 as possible. Unlike most other stablecoins, Dai is collateralized exclusively by other crypto assets. This is facilitated through the Maker protocol on the Ethereum blockchain, where crypto assets like ETH, BAT and USDC can be locked as collateral in order to borrow DAI tokens. The Maker protocol and the Dai stablecoin play a big role in Ethereum’s decentralized finance (DeFi) ecosystem.

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Recent Blogs

  • EU Tax for Maker DAI (DAI) March 19, 2023
  • Cryptocurrency Taxes in Canada: A Deep Dive into DAI February 21, 2023
  • The Dos and Don’ts of Filing Taxes for DAI in the USA February 14, 2023

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