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How to Buy Bitcoin in Canada? Should You Bring Bitcoin or Cash into Canada? 51 percent yuan devaluation to 6. Chinese want to bring capital to other countries like Canada. The problem of getting legitimately earned income out of China is not new. China employs strict currency regulations that are designed to prevent large amounts of currency moving out of the country.
It makes sense to carry just enough cash for your immediate needs, and to exchange bitcoin for Canadian dollars as needed at local bitcoin ATMs. Avoid the hefty foreign exchange fees. Perhaps the only downside is you’ll need to exercise some patience waiting for the ATM to receive blockchain confirmations. Wait times at one British Columbia bitcoin ATM were observed as 20 minutes for your cash. Vancouver is the home of the world’s first bitcoin ATM.