Absolutely. We definitely need better coordination. It would have been highly valuable to many members of our organization and to the industry as a whole for a bill like that to have passed to enable us to start having that dialogue. Luckily, that dialogue is currently happening with regulators and industry. We would like to have government engage on that. Canada has an opportunity to be a leader in this space, not just on the financial services side but, as our other party members who were speaking here today said, in the enterprise-level blockchain space.
The value of having the government collaborate with this industry specifically would be to help engage with regulators and industry to develop frameworks that are going to not just protect consumers but allow for products to get tested on the market in a safe way, to allow for this industry and the innovation within this industry to expand exponentially.
This is a multi-trillion dollar industry. We would like to see more of these companies be able to export the valuable technology that they are building to other countries in the world. We would like Canada to be seen as a leader. We would like Canada to announce globally that we should be a hub for this technology and for our virtual asset service providers.
We just had our very first one, Coinsquare, be able to be the first IIROC-regulated or approved company in Canada. That was substantial. From the time of Quadriga to now, our regulators have made amazing advancement and strides, but regulation is not moving at the pace of innovation, and the innovation in this space is moving at an exponential rate.
We want to have government view this as a non-partisan industry, as a way we can bring our Liberal, NDP and Conservative governments together to see that this industry creates jobs. We pay our taxes. We want to support the digital innovation of this country. We have a lot of value to bring. We have trillions of dollars' worth of investment that we can bring into this country if our government shows support for this industry.