The agencies are of the view that cryptocurrency platforms are hybrid in nature, meaning they can perform functions of one or more market participants ...
source https://www.google.com/url?rct=j&sa=t&url=https://www.coindesk.com/canada-proposes-regulatory-framework-for-cryptocurrency-exchanges&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNEYaYgyQbIkt16b8-tm_pR7ucfQAQ