The Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) have introduced new limits for a few Canadian provinces on the new amount of altcoins investors can buy.
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Newton and Bitbuy were the first Canadian crypto platforms to implement the limitations, according to their updated FAQs. Newton highlights that the limits do not apply to those, who live in British Columbia, Alberta, Manitoba, or Quebec.
And yet, the amount of provinces, which are required to comply with the new rules is significant and includes among others Ontarion, Saskatchewan, Nova Scotia and Newfoundland.
According to the update, those investors who live in areas that follow the new rules cannot invest more than C$30,000 in altcoins in a year. These limits reset on an annual basis. This limit does not apply though to bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC).
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