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In addition, cryptocurrencies received as payment for goods and services (including as a reward for engaging in cryptocurrency mining) are taxable in the year in which such payments are received. Speak to a registered financial advisor or tax professional for information related to reporting income from the purchase of digital currencies.
Learn more about cryptocurrencies on GetSmarterAboutMoney. GICs are generally locked until they mature, or until you cash it in, depending on the options you choose. Some financial institutions allow you to cancel or suspend your debit card online or through a mobile app.