Cryptocurrency Q&A
Can I use Deribit in Canada?
Can I use Deribit in Canada?
CryptoTitaness
Wed Sep 04 2024
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6 answers
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Hello there, I'm curious about something regarding cryptocurrency trading. I've been hearing about Deribit, and I'm wondering if I can use it in Canada. As a Canadian resident, I'm always looking for reliable and trustworthy platforms to trade on, and Deribit seems to have a good reputation in the market. However, I'm not sure if there are any restrictions or limitations for Canadians using the platform. Could you please clarify if Deribit is accessible and legal to use in Canada? Thank you in advance for your help.
6 answers
Maria
Fri Sep 06 2024
Canada has recently emerged as a restricted country for Deribit, a leading cryptocurrency derivatives platform.
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CryptoVanguard
Fri Sep 06 2024
The implementation of these restrictions stems from the directives outlined in the Canadian Securities Administrators' Staff Notice 21-332.
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Daniela
Fri Sep 06 2024
The notice serves as a regulatory framework, guiding financial institutions and market participants in complying with securities laws and regulations in Canada.
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DavidLee
Thu Sep 05 2024
The restrictions imposed on Deribit by Canada underscore the country's commitment to maintaining a robust regulatory environment for cryptocurrency trading.
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Giulia
Thu Sep 05 2024
As a result, Deribit's services are no longer accessible to users residing in Canada, limiting their ability to trade cryptocurrency derivatives on the platform.
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