Ontario crypto exchanges impose $30K annual limit on altcoin buys

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Two Canadian crypto exchanges have imposed rules that will limit users from certain provinces from purchasing more than $30,000 CAD worth of altcoins in a given year.

Canada-based crypto exchanges Bitbuy and Newton are enforcing a $30,000 annual “buy limit” for"restricted coins" for their users based in Ontario in order to “protect consumers” amid tightened regulations.the new changes come after working on getting registered with the Ontario Securities Commission and the securities regulatory authorities in other provinces and territories of Canada, noting in an Aug.

Under the new changes, Ontario-based crypto traders on Newton and other Canadian crypto platforms will be subject to an annual $30,000 “net buy limit” on all cryptocurrency coins excluding Bitcoin , Bitcoin Cash , Ethereum , and Litecoin .

 

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Then buy as much Litecoin as you can!! You'll never regret it

How benevolent 🤦🏾‍♂️

Seems like they've never heard of a DEX. lol.

See THORChain, no kyc, no limits

Buy more Litecoin

Oh. Canada.

Trudeau dictatorship

how noboody talk about this?!!

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