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Canadian crypto transaction restrictions have caught the attention of Ethereum’s Vitalik Buterin, who is now showing support for cryptocurrency users in the country, as they continue to critique the government’s policies.
Buterin throws weight behind Solana (SOL) users
The new cryptocurrency regulatory changes for Canadians have not been well received by cryptocurrency users in the country. While only four cryptocurrencies ; Bitcoin, Ethereum, Bitcoin Cash and Litecoin can be purchased without restrictions, in specific provinces, the others can only be purchased with a net limit of $30,000 annually.
Provinces with no restrictions include Alberta, British Columbia, Manitoba and Quebec. Nine others on the other hand, including Ontario, are subject to the $30,000 annual limit.
Outcries have followed the recent developments, as one user echoed the sentiments of unsatisfied cryptocurrency users, saying
You buy $20,000 of Solana (SOL), a restricted cryptocurrency. You’ve now used $20,000 of your $30,000 annual limit. If you want to purchase more crypto, you are limited to buy a maximum of $10,000?
