- A number of cryptocurrency exchanges have introduced their withdrawal from the Canadian cryptocurrency market, citing Canadian rules.
- Bitvo goals to capitalize on the hole available in the market created by exiting cryptocurrency exchanges.
- The diminished withdrawal price is efficient from right this moment, 2023. June 1
Canada-based cryptocurrency Bitvo Inc (Bitvo) introduced right this moment that beginning in 2023, June 1 reduces the withdrawal price by 50% for brand new and present clients. The 50% low cost might be legitimate till 2023. August 31
Bitvo’s transfer brings aid to crypto traders in Canada, as many crypto exchanges and buying and selling platforms announce they’re leaving the nation attributable to their incapacity or unwillingness to adjust to Canadian crypto rules. The newest crypto alternate to announce its exit from Canada was Bybit following Binance’s exit.
Bitvo registration in Canada
Bitvo is a FINTRAC registered Cash Providers Enterprise (MSB) and is registered as a Restricted Supplier with Securities Commissions in all Canadian provinces and territories.
The press launch saying the 50% diminished withdrawal price states:
“At Bitvo, we’re absolutely dedicated to the Canadian market and serving Canadians. We’re proud to offer our shoppers with a protected, safe and easy-to-use platform that has stood the check of time, established in 2018 in bull and bear markets and proactively compliant with Canadian rules.
Bitvo Inc. affords a cryptocurrency buying and selling platform that facilitates the shopping for and promoting of cryptocurrencies via cellular purposes and its web site. It has launched a number of initiatives together with Bitvo Money Card, Bitvo Identical Day Assure and technical evaluation instruments to make cryptocurrency transactions straightforward and environment friendly.
