In crypto, as in the capital markets and fraud as well, we think there's a necessity for the federal government and the provincial securities regulators to work together. When crypto itself, for example, is used as a payment, that's federal jurisdiction, and there are federal bodies that regulate in that space. The regulations and the protections they provide for Canadians are essential, yet crypto can also be used in the investment markets and for investment purposes, which we regulate. We have different protections and powers to address the risks that creates for Canadians.
It's really essential that we work together and partner; otherwise, there are gaps. Again, this is where the fact that the federal government is focusing on this and taking such a holistic view of how we can combat fraud and of the way that crypto is used for not only legitimate purposes but also fraud...we need to understand that, working together at the provincial and federal levels.
