‪Canada Sets Limit To Crypto Purchases; Vitalik Responds To Other Crypto Investors

‪Canada Sets Limit To Crypto Purchases; Vitalik Responds To Other Crypto Investors

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‪Canada Sets Limit To Crypto Purchases; Vitalik Responds To Other Crypto Investors

CoinGape2 months ago
EthereumEthereum
Bitcoin CashBitcoin Cash
SolanaSolana
LitecoinLitecoin
BitcoinBitcoin
Published on August 19, 2022 13:35 GMT+00:00edited on August 20, 2022 12:59 GMT+00:00

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Vitalik-Buterin

Canadian crypto transaction restrictions have caught the attention of Ethereum’s Vitalik Buterin, who is now showing support for cryptocurrency users in the country, as they continue to critique the government’s policies.

Buterin throws weight behind Solana (SOL) users

The new cryptocurrency regulatory changes for Canadians have not been well received by cryptocurrency users in the country. While only four cryptocurrencies ; Bitcoin, Ethereum, Bitcoin Cash and Litecoin can be purchased without restrictions, in specific provinces, the others can only be purchased with a net limit of $30,000 annually.

Provinces with no restrictions include Alberta, British Columbia, Manitoba and Quebec. Nine others on the other hand, including Ontario, are subject to the $30,000 annual limit.

Outcries have …