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Canadian crypto exchanges Bitbuy and Newton implement transaction limit policies



Time:8/18/2022 12:33:16 PM

[Canadian encryption exchanges Bitbuy and Newton implement transaction limit policy] On August 18th, Canada-based cryptocurrency exchanges Bitbuy and Newton are implementing a $30,000 annual altcoin purchase limit policy for their users in Ontario. In order to "protect consumers" in the event of tightened regulation. Residents of BTC, ETH, LTC, BCH, and Alberta, British Columbia, Manitoba, and Quebec provinces are not restricted by this policy.

It is reported that if a trader buys and sells restricted tokens, the selling amount will be deducted from the limit. This limit resets every 12 months from the first purchase of restricted tokens. (Cointelegraph)

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