Madam Chair, it may be his last question, but it is a very complicated question that covers multiple subjects.
I will start with the last part of his question, that is cryptocurrencies. In my view, this is an important issue that must be addressed. We must have a conversation about this with our international partners and allies. In the G7, for example, finance ministers and central bank governors have already begun discussing this at their meetings. I agree with the member that we need to do this.
In my opinion, we must do two things at the same time. We must ensure that Canada's economy is ready to embrace these new technologies. Canada has fantastic technologists, scientists and researchers. We also need to have some ground rules that make it possible to innovate and use new technologies.
However, with regard to the financial sector, we must ensure that we encourage the use of new technologies while continuing to protect consumers and their rights, privacy and personal information. To be frank, it is going to be difficult, but I am convinced that we can do it.
To conclude, I would like to point out that this must be done in close collaboration with our international allies, including the European Union. That is exactly what we are doing.