Canada: 9 provinces impose a purchase limit of $30,000 for altcoins

Share:

http://cryptocurrency.packagingnewsonline.com/canada-9-provinces-impose-a-purchase-limit-of-30000-for-altcoins/

Recently, some provinces in Canada imposed a new restriction on cryptocurrencies. They decided to limit the amount of cryptocurrencies that can be purchased annually at $30,000. However, Bitcoin, Ethereum, Litecoin and Bitcoin Cash are exempt from this regulation. [..]

Furthermore, the $30,000 limit will reset each year. In addition, it also grants certain exemptions depending on the type of investor. Therefore, certain types of investors, depending on their income and net worth, can buy more cryptocurrencies.

I guess if you reach your limit, you can always have your pet hamster buy more crypto and gift it to you.

submitted by /u/BuscadorDaVerdade
[link] [comments]

Generated by Feedzy