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HomeAltcoinsCardano founder reacts on change in Canadian regulatory policy for buying cryptocurrency

Cardano founder reacts on change in Canadian regulatory policy for buying cryptocurrency

On August 18, Cardano founder Charles Hoskinson, via twitter, provided his reaction to new regulatory changes for buying cryptocurrencies in Canada.

The reaction of Cardano founder “MO”, a Twitter user, posted a document displaying that users residing in certain regions of Canada can buy certain cryptocurrencies for not more than $30,000 per year. However, this will not apply to cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.

Major German banks like Comdirect and Onvista now have access to Cardano investment products. According to the announcement, Valour signed an agreement with both banks to be a provider of investment products for retail customers in Germany.

Comdirect, supposedly the third biggest German bank, takes pride in having a customer base of over three million. The bank provides online services like advisory, banking, and brokerage services in Germany.

Apart from this, Comdirect also provides access to 46 stock exchanges outside Germany. On the other hand, Onvista is a subsidiary of Comdirect Bank and is also an online broker.

Valour provides access to Cardano investment products in the form of ETPs. Apart from Cardano, it also has ETPs for Cosmos, Solana, Enjin coin, Polkadot, Avalanche, Ethereum, and Bitcoin.

 As per the report of CoinShares, last week, Cardano received a total inflow of $3.9 million.

However, last week minor outflows of $17 million were seen in the digital asset investment products with a major chunk taken by Bitcoin. With inflows and outflows of $20 million and $36 million from European and American exchanges respectively, it provides a divided view of regional flows.

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