With this license; Bitcoin, Ether, Bitcoin Cash and Litecoin are able to be purchased without restrictions. However, when it comes to select crypto assets (any coin not listed above, e.g XRP, XLM, ALGO, EOS or USDC) there will be limits that will be enforced for residents of certain provinces.
Any other future cryptocurrency that Netcoins adds to the platform will also be considered a select crypto asset unless stated otherwise.
If you live in Alberta, British Columbia, Manitoba or Québec, you can purchase any currency offered on the Netcoins platform without any limitations.
Regulations state that the net maximum that you can acquire on a 12 month basis is $30,000 CAD for XRP, XLM, ALGO, EOS and USDC, this applies to residents of the following provinces:
- New Brunswick
- Northwest Territories
- Nova Scotia
- Prince Edward Island
However, users that reside in the provinces listed above will still be able to make unlimited purchases of Bitcoin, Ether, Bitcoin Cash or Litecoin.