has grown in popularity in recent years, cryptocurrencies It is currently facing a major downturn that is losing a lot of money to investors and companies. So much so that the leading cryptocurrency Bitcoin (BTC) has recently fallen to $20,000, dropping to its lowest level in recent times.

As the decline in the markets continues, now from Canada A move came to protect investors. The Canadian Securities Authority (CSA) has announced that it will place a buying limit on cryptocurrencies. The institution added that some cryptocurrencies will not be included in this.

Up to $30,000 can be invested in cryptocurrencies other than BTC, ETH, BCH and LTC

edit made, traders other than Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) will put limits on their investments in cryptocurrencies. Accordingly, altcoins other than the specified cryptocurrencies are no longer available. annual investment up to 30,000 Canadian dollars can be done. There are no restrictions on purchases for BTC, ETH, BCH and LTC. In addition, if investors sell their holdings within a one-year period, the amount sold is reduced from the established limit.

It was stated that customers in British Columbia, Manitoba, Alberta and Quebec will not be covered by the application. Officials say such a decision was made to protect investors from risk, and they expect exchanges in Canadian jurisdiction to operate in compliance with these regulations. The imposed restriction only purchases in Canadian dollars It is also one of the statements to which it applies:

Canadian regulators are continuing their steps as part of increasing their measures against cryptoassets. Previously, the exchanges in the country had started getting licenses from the regulatory bodies in the country. The current decree imposed restrictions on investments. In addition, the crypto investment and financial situation of the customers of the exchanges to collect information about also asked.