If you try to find a country that is a person in the crypto movement, this country would have grown up and started.
Canadian initiatives such as QuadrigaCX and Ethereum have been spectacularly successful, appearing to be the first place in the world to have a cryptocurrency broker.
Open to new experience.
Canada is one of the top crypto adoptions. You can see it by having its trading board. Under the TMX Group, Bitcoin and Ethereum are available on the platform.
Also, some big banks allow customers to buy crypto via debit or credit card as well. For example, TD Bank said, “If any merchant accepts Visa, MasterCard or Debit are not considered fraudulent. “
Is Ethereum Canada?
Although Ethereum was not born in Canada. Recently, the Canadian government has set up an Ethereum blockchain explorer, a decentralized platform that will help make financial information transparent to the public. For this experiment, the National Research Council (NRC) will use Canadian-made products built on top of the Ethereum blockchain to disseminate information on the funding.
Crypto regulations
Crypto laws in Canada are changing. The Canadian government has drafted new regulations. This document views that crypto trading as a money service business (MSB) is required to report all transactions valued at more than $ 10,000, if KYC is set at CAD 1,000. This means that a user will not be able to transact large amounts of money unless they provide personal information. (Name, address, phone number, occupation, etc.) But many people disagree. This is because it is difficult to collect transactions that amount to $ 10,000, officials said.