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Good news for the cryptocurrency industry came from Canada. The Canadian Government has allowed unlimited trading of three other cryptocurrencies, primarily Litecoin (LTC), on exchanges.
Litecoin also announced the news it received from Canada through its official account to its followers.
Canada has approved LTC and three other crypto assets for unlimited trading on exchanges. Other cryptocurrencies will have an annual limit of $30,000.
Approval from Canada to Litecoin (LTC)
The crypto industry, which has been going through tough times, has been revived with good news from Canada. As it is known, regulators in the USA have been increasing their pressure on the crypto industry lately. In the light of these pressures, the crypto money market is shaken.
However, Canada today broke the long-awaited good news for the crypto industry. It has been stated that the Canadian Government allows unlimited trading of Litecoin and three other cryptocurrencies on stocks.
On the other hand, the halving date in Litecoin is getting closer and closer. The Litecoin halving, which is expected to take place on August 2, 2023, is expected to be the third halving for LTC.
However, block rewards in Litecoin are expected to be reduced from 12.5 LTC to 6.25 LTC.
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