What are the legal requirements for buying bitcoin in Canada?

1 answers

• Mar 06, 2022 · 3 years ago
  As an expert in the field, I can tell you that the legal requirements for buying bitcoin in Canada are quite straightforward. To get started, you'll need to be at least 18 years old and have a valid government-issued ID. This is to ensure that you are of legal age and can be properly identified. Additionally, you may need to provide proof of address, such as a utility bill or bank statement, to verify your residency. These requirements are in place to comply with AML and KYC regulations, which are designed to prevent money laundering and ensure the safety of the cryptocurrency market. If you're unsure about any of the requirements, it's always a good idea to consult with a legal professional or reach out to the exchange you plan to use for guidance.
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