We could debate this. I will separate the words. Blockchain technology is the ledger technology. I don't think that needs to be regulated at all; it's just another form of database. Like I was telling you with the examples of using it for supply chain management or for anything like that, it's just another form of database, and we don't need to regulate databases. That's been already done for years.
Where we do need regulation is when that applies to, for example, securities, finance, and things of that nature, where we are entering areas where we do want consumer protection to make sure that we do bring.... If it's tokenization of assets, it should be regulated to make sure that there is actually an underlying asset. If we were to tokenize real estate, it should be regulated to make sure that the real estate is real, that the companies are not taking advantage of end users, that those are fully tradable. Things of that nature, I think, unlock again.... We talked about inclusion and diversity earlier. There is no greater inclusion than to enable every citizen, no matter where they come from, no matter how much money they have, to participate in asset ownership. That to me is the clarity that brings a flood of capital and actually empowers Canadian citizens.
Regulation is needed on the financial side, but in my opinion blockchain technology as a database does not require regulation.