Last time I wrote something about the nation led by a blackface enthusiast, it didn't look too good for the free flow of money/crypto. So it shouldn't come as a surprise that they imposed some 🐎💩 restrictions and regulations regarding crypto now, but it's a bit odd I have to say and borderline market meddling as to how they go about it. For one thing, this 30.000 Dollar annual investment limit does not apply to Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and is apart from that exempting certain investors and entire regions from the restrictions altogether."Newton, a Toronto-based crypto exchange announced the new changes come after working on getting registered with the Ontario Securities Commission and the securities regulatory authorities in other provinces and territories of Canada...These changes are to protect crypto investors, like yourself, and to make sure investors are aware of the risks associated with investing in crypto assets...However, while Retail Investors remain subject to the 30,000 CAD buy limit, Eligible Investors’ buy limit is upped to 100,000 CAD and no purchase limit exists for Accredited Investors."

Well now how jolly kind of you Canada to "look out" for us normal peeps while de facto stating out loud to not care for the "eligible" bunch and just let them go about as they please and do with their money whatever they want without limits. I'm sure they are feeling left out and heartbroken for not being included in your list and wish you'd just put them on a leash as well, oh I mean "protect them from risks as well".😛🤪🤑

First off, what year is it in Canada? BCH and LTC? Are people still investing in these two in 2022? I mean, I know Kim.com is as he is a fond believer and supporter of Ver and even though I agree with him on a lot of things, his crypto insights just isn't one of them. Now to be fair, this restriction Canada imposed at least avoids that whole "lost my life savings in Bitconnect/Luna" scenario right? Unless your life savings was below 30.000 which in that case didn't do much for you or mattered either way, but exactly what is the Canadian exchange commission saying with this? That e.g. Quant or Chainlink aren't trustworthy and proven cryptos like Litecoin or Bitcoin Cash are? As mind boggling inaccurate that is, especially with the negative price actions of BCH and LTC compared to certain other established cryptos, let's relate this restriction to other/non-crypto fields where Canadian citizens could lose money and would need the equal amount of government "protection". Can Canadians lose +30.000 in stock investments if they'd opt for it? Gamble much? If so can you as a Canadian lose +30.000 Dollars in a Canadian casino tonight if you go out and play? I mean on a yearly base there's not even a question if many gamblers lose 30.000 a year right, so is anyone looking out for them and restricting their access to casinos? Is there anyone "protecting" +30.000 Canadian Dollars from the risks of sports bets over there which is also far, far more likely to bankrupt people than the crypto markets are? I'm sorry I'm repeating myself here but I just can't get over it. Litecoin and Bitcoin Cash? I guess with a regulation that stupid I really shouldn't be all too surprised about their crypto preferences and you know what, I would have at least respected them a little if they also put XMR or TORN on the exemption list😃. Here's the text and relevant provinces if anyone cares to read it:

I'm not all that Einstein about Canadian cities/provinces, I know Toronto isn't the capital and think that's more knowledge on the subject than most people have in the world😂, but does anyone have an idea as to why those particular 4 provinces are exempt? Does it make sense to anyone, is it a higher net-income/household sort of thing? IDK, either way, another day, another attack on crypto.😑