I would concur that there's value to interacting with our trading partners, but like Mr. Anani I would suggest that looking at the MiCA comprehensive crypto-asset regulation in Europe would be valuable, as would looking at a number of the international regulatory standard-setters that exist in this space.
There is extensive work under way by the Financial Stability Board and the Committee on Payments and Market Infrastructure of the Bank for International Settlement on setting appropriate standards in this space, as well as, specifically within the context of KYC and AML, the Financial Action Task Force. All of these are helping to establish standards that can then be interpreted within national regulatory jurisdictions in ways that promote regulatory harmonization and heightened levels of compliance.
I would suggest that Canada be as actively involved as possible with those ongoing undertakings, which are in flight at the moment.