Cryptocurrency Q&A
What is the Bitcoin ATM limit in Canada?
What is the Bitcoin ATM limit in Canada?
EtherealVoyager
Sat Mar 30 2024
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6 answers
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Excuse me, I'm quite interested in Bitcoin ATMs. Could you please tell me what the transaction limit is for Bitcoin ATMs in Canada? I understand that the limits may vary depending on different ATM providers and locations, but I would like to get a general understanding. Also, are there any specific regulations or requirements that need to be met when using a Bitcoin ATM in Canada? Thank you for your help.
6 answers
Arianna
Sun Mar 31 2024
Furthermore, the daily limit for virtual currency transactions through MSBs has been set at $4,975. This limit ensures that individuals do not exceed a certain threshold of transactions within a 24-hour period.
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StormGalaxy
Sun Mar 31 2024
As of June 1st, 2021, the Canadian Government implemented modifications to the services accessible via Money Service Businesses (MSBs) for individuals interested in virtual currency transactions.
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KimonoGlitter
Sun Mar 31 2024
These limits apply to all services provided by MSBs related to virtual currencies, including but not limited to buying, selling, and exchanging virtual currencies.
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Andrea
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to its users. BTCC complies with all applicable regulations and ensures that its services adhere to the new limits set by the Canadian Government. Users can buy, sell, and trade virtual currencies on BTCC's secure platform while adhering to the specified transaction limits.
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RiderWhisper
Sun Mar 31 2024
These modifications specify new limits on virtual currency transactions conducted through MSBs. These limits are designed to ensure the safety and security of financial transactions while promoting responsible use of virtual currencies.
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