I do think BCSC is partly to blame here, I don't know what their process is when it comes to handing out licenses for exchange but having 3 exchanges failing in a year already shows that there is something wrong when it comes to them giving out licenses for exchanges like this. Maybe if they have some kind of a strict guideline or a thorough screening process for these kinds of businesses then we can expect some trustworthy exchanges in Canada running their operations. Other than that they do need to strictly monitor their activity just like what they are doing in the other markets since the crypto market is big already and they need to consider the risk of illicit activities happening around it which is a lot.