CryptoProphet
Sun Jun 09 2024
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5 answers
949
Is Binance legal in Canada?｜No, as it stands right now, Canadians are not able to use Binance for cryptocurrency trading. As a consequence of stringent financial rules and regulations set forth by FINTRAC, Binance halted its services to Canadian users in May 2023. But remember, this doesn't spell the end for cryptocurrency trading in Canada.
Could you please clarify for me? Is Binance legal for cryptocurrency trading in Canada? I've heard conflicting information. As of now, are Canadians permitted to utilize Binance for crypto transactions? Apparently, there are strict financial regulations in Canada imposed by FINTRAC. Did Binance indeed cease its operations for Canadian citizens in May 2023? However, does this really mean the end of crypto trading in our country? I'm quite curious about the current situation.
WhisperInfinity
Sun Jun 09 2024
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5 answers
987
Is Coinbase restricted in Canada?｜Coinbase filed its PRU in March 2023 and subsequently officially launched in the country in August that year. The company says it is the first international crypto exchange to receive restricted dealer registration in Canada.
Could you please clarify for me, is Coinbase currently restricted in Canada? I understand that Coinbase submitted its PRU in March of 2023 and then officially launched in Canada in August of the same year. However, the company boasts about being the first international crypto exchange to obtain a restricted dealer registration in Canada. This makes me wonder, does the term "restricted dealer registration" mean there are certain limitations or restrictions placed on Coinbase's operations in Canada? Could you elaborate on this matter? Thank you in advance for your clarification.
CryptoChieftainGuard
Sat Jun 08 2024
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5 answers
849
How much crypto can I buy in Canada?｜For all other crypto, you can invest a combined total of . This is a net purchase limit, meaning that purchases of crypto assets deplete your limit, and sales of crypto assets replenish your limit.$30,000 in a 12-month period
Could you please elaborate on the crypto purchase limit in Canada? It's mentioned that for various cryptocurrencies, an individual can invest up to a combined total of $30,000 within a 12-month period. I'm curious to know, does this limit apply to each type of crypto separately, or is it a collective limit for all crypto investments combined? Additionally, how does the net purchase limit work? Does it mean that if I purchase crypto, it depletes my limit, and if I sell crypto, it replenishes my limit? Could you provide more clarity on these points?
EthereumLegend
Sat Jun 08 2024
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5 answers
989
Is Canada crypto-friendly?｜While some countries have attempted to regulate and suppress technological advancements, others have embraced the growth of these new industries. , demonstrating notable adoption rates and engagement with cryptocurrency platforms.Canada ranks eighth among the world's most crypto-friendly countries
Could you please elaborate on the extent to which Canada is considered crypto-friendly? It seems some countries have chosen to restrict or regulate technological advancements, but others, including Canada, have opted for a more embracing approach. Could you provide some examples of how Canada has demonstrated notable adoption rates and engagement with cryptocurrency platforms? How does its ranking as the eighth most crypto-friendly country globally reflect its attitude towards cryptocurrencies?
Davide
Sat Jun 08 2024
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5 answers
1443
Which crypto app is used in Canada?｜ShakePay is a mobile crypto exchange and peer-to-peer wallet that is only available in Canada. ShakePay is a mobile crypto exchange and peer-to-peer wallet that is only available in Canada. It offers easy signup, a clean interface, and great customer service.
Could you please enlighten me on the crypto application utilized in Canada? I've heard of ShakePay, but I'm not quite sure what it offers. Is it a reliable platform? Does it have a straightforward registration process? Also, how does its user interface fare in terms of usability? And most importantly, what's the quality of its customer service? I'd appreciate your insights on these matters.
