08-19-2022, 11:03 AM
Canada: 9 provinces impose a purchase limit of $30,000 for altcoins
<!-- SC_OFF --><div class="md"><p><a href="http://cryptocurrency.packagingnewsonline.com/canada-9-provinces-impose-a-purchase-limit-of-30000-for-altcoins/">http://cryptocurrency.packagingnewsonline.com/canada-9-provinces-impose-a-purchase-limit-of-30000-for-altcoins/</a></p> <blockquote> <p><em>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. [..]</em> </p> <p><em>Furthermore, the</em> <strong><em>$30,000 limit will reset each year</em></strong><em>. In addition, it also grants</em> <strong><em>certain exemptions depending on the type of investor</em></strong><em>. Therefore, certain types of investors, depending on their income and net worth, can buy more cryptocurrencies.</em> </p> </blockquote> <p>I guess if you reach your limit, you can always have your pet hamster buy more crypto and gift it to you.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BuscadorDaVerdade"> /u/BuscadorDaVerdade </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wri8n6/canada_9_provinces_impose_a_purchase_limit_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wri8n6/canada_9_provinces_impose_a_purchase_limit_of/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p><a href="http://cryptocurrency.packagingnewsonline.com/canada-9-provinces-impose-a-purchase-limit-of-30000-for-altcoins/">http://cryptocurrency.packagingnewsonline.com/canada-9-provinces-impose-a-purchase-limit-of-30000-for-altcoins/</a></p> <blockquote> <p><em>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. [..]</em> </p> <p><em>Furthermore, the</em> <strong><em>$30,000 limit will reset each year</em></strong><em>. In addition, it also grants</em> <strong><em>certain exemptions depending on the type of investor</em></strong><em>. Therefore, certain types of investors, depending on their income and net worth, can buy more cryptocurrencies.</em> </p> </blockquote> <p>I guess if you reach your limit, you can always have your pet hamster buy more crypto and gift it to you.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BuscadorDaVerdade"> /u/BuscadorDaVerdade </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wri8n6/canada_9_provinces_impose_a_purchase_limit_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wri8n6/canada_9_provinces_impose_a_purchase_limit_of/">[comments]</a></span>