Canada Regulates Crypto: $30K Crypto Restrict Per Yr |
Canada has new rules in place that restrict the quantity of crypto you should buy to $30k per 12 months — within the identify of defending common individuals from dangerous investments and make them “extra conscious of the dangers” related to crypto investing.
In the meantime there are not any limits on what number of lottery tickets you should buy, how a lot you spend on the on line casino, or how massive of a wager you can also make on a horse race.
Right here’s what’s occurring with Canada’s new crypto rules, who the $30k crypto restrict applies to, and whether or not it’s attainable to legally work round these limits.
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TIMESTAMPS:
0:00 – Intro
0:48 – Canada’s new crypto rules
2:03 – Does the $30k restrict apply to you?
2:29 – Limits relying in your wealth
4:19 – Why these limits are so dangerous
6:06 – Workaround: CEXs vs DEXs
7:00 – purchase Altcoins with Uniswap
#canadacrypto #cryptolimitcanada #personalfinancecanada
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