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Data from the Bank of Canada and the Ontario Securities Commission has revealed that bitcoin adoption and general crypto awareness in Canada is growing steadily, with the percentage of Canadian poll respondents who own bitcoin rising from 2.9 percent in 2016 to 5 percent in 2017. According to a recently released report by the Bank
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At least four different studies by institutional authorities indicate that between 3 and 5 percent of people in Canada own Bitcoin.
Bitcoin Investors Are Spreading in Canada
Bitcoinist reported in July that 500,000 people in Ontario own cryptocurrencies. The findings were revealed in a survey of more than 2,500 Ontarians conducted by the Investor Office of the Ontario Securities Commission (OSC).
Bylls CEO Francis Pouliot concluded that numerous studies determine that between 3 and 5 percent of all Canadians own bitcoin, urging people to forget FUD and that “adoption is real.”
Canada is one step ahead of the SEC as they approved the very first regulated Bitcoin trust fund the status of a Mutual fund that enables accredited traders to invest in Bitcoin through their retirement savings plan and free of tax saving accounts.
The first and only regulated Bitcoin fund granted mutual status in Canada. Canada has overtaken the SEC and according to the official announcement made by First Block Capital Inc. the FBC Bitcoin Trust has become the first and only regulated Bitcoin Trust eligible for accredited traders.
Canadian Coinberry and Swiss-based BRD announced a partnership, which is set to introduce 1.2 million BRD customers to crypto trading.
New Crypto Trading Platforms Streaming Into the Market
Trading bitcoins and other cryptocurrencies continues to attract investors. For instance, despite a bear market, cryptocurrency trading platforms are still being added to the market. On August 15, 2018, Coinberry and BRD announced a partnership “which will introduce 1.2 million BRD customers to the Canadian crypto trading platform.”
Bitcoin might get a serious kick towards widespread and unobtrusive adoption as a leading Canadian fintech company Mogo launched a new app letting people buy Bitcoin with a credit card.
Canadian Can Now Buy Bitcoin from Their Phones
Mogo, a Vancouver-based Fintech Company, also claims to be the very first in the country to bring an accessible solution for buying and selling bitcoin right at the fingertips of its users.
David Feller, Founder and CEO of Mogo, says:
Canadians are looking for a trusted and simple solution to buy and sell bitcoin, and that’s the need we’re addressing with MogoCrypto.