Will unregistered crypto trading platforms be able to register in Canada?

In recent years, the popularity of cryptocurrency trading has surged globally, including in Canada. However, the regulatory landscape surrounding these platforms remains complex and evolving. Many unregistered crypto trading platforms are currently operating in Canada, often raising questions about their legitimacy and compliance with local laws. So, the question arises: will unregistered crypto trading platforms be able to register in Canada? This question is pertinent as it touches on the balance between encouraging innovation in the crypto sector and ensuring consumer protection and market integrity. On one hand, registration would provide clarity and oversight, potentially attracting more investors and legitimizing the industry. On the other hand, the process of registration itself could be challenging, with strict requirements and compliance costs that may deter some platforms. With this backdrop in mind, the question remains: Will Canada's regulatory framework allow for the registration of unregistered crypto trading platforms, and if so, under what conditions?