Canada restricționează cripto-ul, iată cum vă afectează noile reguli

Nine provinces in Canada have decided to limit the amount of crypto you can buy in a year. The provinces have set an annual limit of $30,000 as the maximum amount of crypto that can be brought. However, there are four notable exceptions for cryptocurrencies under this rule. 

Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are exempted from this regulation. As a result, those four tokens will not be counted in your annual limit.

Why Canada Is Restricting Crypto

The nine provinces have formed the regulation to protect consumers from the volatilitatea pieței cripto. The nine provinces that will enforce this regulation are:

• Ontario
• Newfoundland
• New Brunswick
• Nova Scotia
• Nunavut
• Northwest Territories
• Prince Edward Island
• Saskatchewan
• Yukon

The regulation will not affect the Alberta, British Columbia, Quebec, and Manitoba provinces. The limit set by the provinces is $30,000. However, the limit will reset after every 12 months. The rule also gives certain exemptions based upon the type of investors. Moreover, certain types of investors, based on their income and net worth, can buy a higher amount of crypto.

How The Crypto Leaders React

David Hoffman, the founder of Bankless, expressed his frustration and surprise at Canada’s move. Furthermore, Hoffman also revealed that this move can be a blessing in disguise for DeFi protocols like Uniswap. Uniswap will allow users to buy the non-restricted currencies and get the restricted ones. Whether the regulation prohibits any such maneuver is still unclear.

Vitalik Buterin, the founder of Ethereum, expressed his happiness at the fact that many Ethereum proponents are also criticizing the move. Importantly, the regulation sets no limit on Ethereum, which could give the currency a competitive edge over other competitors. Despite it, many Ethereum supporters have criticized Canada’s move.

According to the reports, Bitbuy and Newton, two of Canada’s biggest exchanges have already agreed to enforce the move.

Nidhish este un pasionat de tehnologie, al cărui scop este să găsească soluții tehnice elegante pentru a rezolva unele dintre cele mai mari probleme ale societății. El este un credincios ferm al descentralizării și dorește să lucreze la adoptarea în general a Blockchain. De asemenea, este mare în aproape toate sporturile populare și îi place să converseze pe o mare varietate de subiecte.

Conținutul prezentat poate include opinia personală a autorului și este supus condițiilor pieței. Faceți cercetările de piață înainte de a investi în criptomonede. Autorul sau publicația nu își asumă nicio responsabilitate pentru pierderea dvs. financiară personală.