Is buying crypto legal in Canada?

I'm curious about the legality of purchasing cryptocurrencies in Canada. As I understand, there are different laws and regulations surrounding this emerging asset class across the globe. Given Canada's stance on financial markets and technological advancements, I'm eager to know if individuals are allowed to buy and hold cryptocurrencies within the country's borders. Are there any specific licenses or registrations required for such transactions? Also, are there any restrictions or limitations on the types of cryptocurrencies that can be purchased in Canada? It would be helpful to get a clear understanding of the legal framework surrounding crypto purchases in Canada, as I'm considering investing in this space.