Thank you, Madam Chair.
Good morning, Minister.
We've been seeing a lot of each other lately. You're like God. You're everywhere, but you perform slightly fewer miracles.
I would like to know more about the proposed stablecoin legislation. We know that the payment environment has evolved. We need stablecoins. We understand the importance of blockchain technology. We also understand the Prime Minister's caution and his need, as a former governor of a central bank, to fully understand these matters.
I would like to ask you two questions.
First, do you consider it to be a currency or a security? How will you operationalize this in future regulations?
Part of the answer probably lies in the fact that the legislation stipulates that there can be no return on these stablecoins.
Secondly, if there can be no return, because I imagine that would be a matter for the provinces, will we still be able to compete in this market, attract innovators and still have a competitive cryptocurrency, given these restrictions?