When I return to my riding, one of the benefits of being able to go home and chat with people is that I hear where they're at.
For the first time, Governor—and I'm actually going to direct this question to the deputy governor—I've had different conversations with constituents, different people with different backgrounds, about cryptocurrencies.
I do know you've made some statements recently and that there is a need to have a broader contextual look at it, not just from a Canadian viewpoint but also from an international one. You also made a distinction between a cryptocurrency itself, or what's broadly referred to as a “cryptocurrency”, and have called them “crypto assets” instead.
Could you please give an explanation to the Canadian public why you're using those terms and what, from the Bank of Canada's position, should be the proper way to start discussing these things? Many people are talking about them in terms of speculation or gambling. Some people are looking at them in terms of investments. It would be helpful to have some context for them.