CryptoTitan
Thu Jun 06 2024
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7 answers
1664
Why can't i buy crypto in Canada?｜Unlike the Canadian dollar, crypto assets are not legal tender in Canada. A government or central bank doesn't issue or oversee them. Crypto assets are also quickly evolving, unstable and complex. You should learn more about crypto assets and their risks before investing or using them.
Could you please elaborate on why individuals cannot purchase cryptocurrencies in Canada? As I understand, unlike the Canadian dollar, cryptocurrencies are not recognized as legal tender in the country. Is it because the government or central bank does not issue or regulate them? Additionally, I've heard that crypto assets are rapidly changing, volatile, and intricate. Could you provide further insights into these risks associated with crypto assets, and why they might prevent individuals from purchasing them in Canada?
