I can't speak to the internal discussions within Power, but the challenge with insurance, in my perception from being in the market and seeking coverage for our business and from otherwise talking with other players, is that to a certain extent the insurance companies themselves still view it as a new category of risk. It's difficult, then, for them to underwrite the risk in terms of determining what the risks are and what the losses may be.
I think they also have regulatory concerns. They obviously of course are subject to a regulator, and generally any insurance company answers to a regulator, and if they do not feel comfortable entering this new business line because they're unsure of where their regulator stands on it, then they're going to proceed with trepidation if they're going to proceed at all.
However, there is certainly demand for it, not just by platforms from Canada but around the world. As businesses engage in crypto assets, they may require various types of insurance and will be looking for it.
I am aware, as I mentioned, that OSFI is looking at it, and I regard that as a very positive first step towards expanding the insurance marketplace for crypto in Canada. One thing I would highlight is that we must ensure that these officials, who have been looking at these issues and who are working on these issues, have the support and resources to do that, since they're doing very important work in terms of understanding the nature of the industry and the risks it may create so that they can provide advice on how to improve the regulatory framework to create those opportunities.
I would highlight again that there is that opportunity, not just within Canada but globally, because this is a market that remains very underserved at present.