An analysis by The Logic found there are now more than 600 companies that offer cryptocurrency trading services in Canada but that have not registered with securities regulators
Taken from: Montreal Gazette
https://montrealgazette.com
“Platforms that do not make “immediate delivery” of cryptocurrencies, but rather hold them until customers want to sell them or transfer them to their own digital wallets, are entering into a derivative contract that is subject to securities regulation.”
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https://montrealgazette.com/news/fp-street/canadian-investors-at-risk-as-number-of-unregulated-cryptocurrency-exchanges-explodes/wcm/c2ddb246-7f88-4f83-b2cf-f6440ee8dd3f
