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Canada’s reputation for being soft on white-collar crime makes it an attractive destination for unscrupulous actors in the rapidly growing cryptocurrency-exchange industry, experts say. On Monday, The Logic reported there are now more than 600 companies that offer cryptocurrency-trading services in Canada that have not registered with securities regulators, and at least 11 that haven’t registered with the Financial Transactions and Reports Analysis Centre of Canada. There’s also no evidence any of them have faced penalties from Canadian authorities. New businesses are entering the space daily, with five additional companies registering as virtual-currency dealers with FINTRAC since the story was published.