On this episode, we’re taking a look at recent crypto crackdowns and bans. These crackdowns aren’t necessarily creating clear regulatory guidelines so much as wrecking sentiment havoc on an already troubled crypto market. The Federal Deposit Insurance Corporation (FDIC), one of the two federal agencies insuring savings in American depository institutions, may be asking banks to refrain from providing services or extending credit to cryptocurrency companies. Meanwhile in Canada, Ontario-based crypto traders on Newton and other Canadian crypto platforms will be subject to an annual 30,000 CAD “net buy limit” on all cryptocurrency coins excluding Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), and Litecoin (LTC).
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#crypto #bitcoin #cryptocurrency
~Crypto Crackdowns | Canada Altcoin Buy Limits + FDIC Deterring Crypto Banking~
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49 Comments
oh huboi eth traded upto 2150 when it DE-pegged
I'm sure these exchanges didn't just change their rules. They were most likely requested to do so immediately. That's usually how it goes. Newton is ok they just have to play with the rules they are handed. Their fees were ok too.
great FUD create by US government..SMTHING FISHY maybe they wanna buy BTC in a CHEAPER price…
Can't let Canadians get too rich
Get rid of Democrats, Liberals, socialist, communist whatever you would like to call them. THEY DESTROY EVERYTHING THEY TOUCH. EVIL CANCER
Canadian government is forcing citizens to buy altcoins out of country is all. But you can still blow your paycheck at the casino
Thanks Paul
As an Australian watching this video, you are right and Australia is also leading in the "medical field" Australia are big funders in the mRNA agenda.
Paul great show but you are misleading the audience when it's a Canada problem when it's an Ontario problem that Premier Doug Ford has created not Justin Trudeau. Hypothetically speaking that would be similar to just California putting in a policy like this but me saying this applies to the whole USA.
Big structured agenda to kill democracy
I'm fine with the idea of having to prove mathematical competence (with questions based on investing/ trading) and a questionnaire. Give people some articles to read about past scams and make them answer some questions about those to prove they absorbed the lessons to be learned. After that, let them manage their money and invest or trade as they see fit… and make sure they understand the exchange is not their babysitter.
Dam limit on crypto coins…
“Accredited investor” is some of the biggest bunch of BS ever conjured up. Little guys should have the same opportunity that the rich have to both lose their money and double their money.
Canada's opening and has started the new world order…..the rich get richer.. keep humanity down
Great episode. Thank you for all you do. We really need to get a lot not exposure and visibility on these issues. I love crypto. But what's developing is very concerning on a global scale
Above 30k will probably have to buy through an approved crypto broker … ?
Yes, fake inflate and sell off. Crooked players and exchanges creating this.
Probably David Treadau buddies!
Trudeau has been in power for more than 7.50 years. Canadians usually dump their national gov't every 8-10 years (no matter who the incumbent is). Justin Trudeau's days in office, are numbered. His ability to influence crypto policy is limited.
Now I'm more spiritual than religious so tell me if I'm wrong, but this seems to mimic the history of Christianity. We don't like it… Lets take out some people… Ta-Daaa, look at this… IJS
Defi crypto for the win.
Canada is now an authoritarian regime, at best.
I think that regulators are holding back crypto until the big banks can get their own blockchains up and running and claim marketshare before its too late
Sounds like Vitalik should be out there greasin some palms instead of catfightin on twitter.
It’s is a none story… if you can buy unlimited BTC or Ethereum… then people will go with the two best and then they will swap them on other sites out of Canada then switch them back in BTC for cash out? Right?
People want big boys to get in so prices can go high. Ok Good but you need to know also that big boys buy only at the lowest prices possible. It means they will do anything they have in their books to crash it first. Be prepared for BTC at below 5k soon. 24k is a bargain only for moonboys not for the big boys.
Eventually Central Bank digital currency will be the big play coming from Big money. I think they're going to try to squeeze out everybody and make us surrender to Central Bank digital currency and monitor everybody.
Joey is a 69ere
Canada electing this collossal skum 🤦. Oh dear are things getting really bad for them. They already have a massive homeless crises throughout the nation. And their government continues to take every maximum dime from the people as possible.
Killing Technological Innovation and Killing Economic growth.
Markets currently down 10% HBAR @ .0639. It’s a hold until 2025 or next Bull Top.
We should not be giving credence to “regulators” being overwhelmed by the increase in crypto traffic. Regulators are part of a corporate government whose only asset (debt instrument) to regulate is fiat currencies. No other assets should have ever been regulated. There has been nothing but internal corruption and destruction of the average investor. If “regulators” were actually existing to protect us, then BlackRock would have been taken down a long time ago. And yet a handful of people control every thing and everyone via BlackRock… including the “regulators“.
I'm guessing you're like 5'5 or 5'6, right?
The BIS is pissed
Of Course UN are on board- a strong arm of WEF, BIS and all the other crims
777
Regulation on how much a person can invest in crypto should be in the same format as what is done in the FCA being you self declare if you are a high risk individual, sophisticated investor or every day investor. Non have limits imposed on them but everyday investors must take a test to understand the risk they are taking. NO Limits
accredited investors means they have spare money to risk. others could Yolo and then lose it all.. then blame the risk and end their lives. that's the problem
Smashed that like button and live the show Paul
Some good points and easy to listing to, I will keep an eye our for more of your videos.
"Smashing "buttons is for losers .I always comment on thos tubers that a Pro like Crypro Eri and Pail barron NEVER tell their viewres to SMASH buttons
Paul dont try to be cool ..stick to being humble and informative. A 'dislike' for the smashing.
Funny thing is: you can become an accredited investor overnight when you were lucky on a memecoin and you fullfill the annual income of 200k (USA) – what a hypocritical construct…….
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Crypto as it's retracing . BE wise
Needs time stamps my guy
For me it´s simple buy XRP, HBAR, and QNT every time they fall… Patience, hardwallet, big smile… 😉 From Spain with love… Have a nice day!!! Today I´m adding some more XRP ;-P
BTC N ETH DROPPED ALOT TODAY , F BNB LOL HAHAA POOR DEFI THO OUCHES BUY ETH LOL N TRADE IT FOR ANOTHER COIN LOL DONT GET HOOKED ,,,,,,,………..,,,,,,,,,
Halving Hype' on the horizon …..🌬…..🏄🏻♂️
Litecoin reward 'halving' 2023 – Bitcoin 2024
Last ‘round’ of ‘halvings’ signified the beginning of 2019 – 2021 price surge""
Discusting! That is exactly the type of things that makes us want to leave Canada. I did not see Quebec in the list but it might be a matter of time.
Great content as usual but for the Bybit advert, 'I' before 'E' except after 'C'
No government in the world would allow other currencies to have more power over their own. So they'll wage war on it with regulations and laws. China has already done it. Do you think Uncle Sam would allow bitcoin billionaires have more power over them? No law protects bitcoin! All it takes is for the government to ban it. If the US government bans the exchange of USD with bitcoin, then kaboom!