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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