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Industry committee That's a very strong point. Mr. O'Leary's comments in that regard were his own with respect to his own investments, so I can't speak directly to that. What I can say, from a platform perspective, is that I'm very happy that our regulators require us to put out disclosure stat
November 21st, 2022Committee meeting
Adam Garetson
Industry committee We would be pleased to do that.
November 21st, 2022Committee meeting
Adam Garetson
Industry committee I can help shed some light on that. Just to give a bit of perspective on the scale, if I had to guess off the back of the envelope, I would say maybe a million different types of crypto currency assets have been created. Our platform at any given time will trade about 30 or 36
November 21st, 2022Committee meeting
Adam Garetson
Industry committee I believe the Canadian framework is one of the strongest in the spaces globally at the moment.
November 21st, 2022Committee meeting
Adam Garetson
Industry committee That's correct.
November 21st, 2022Committee meeting
Adam Garetson
Industry committee The due diligence is on all of those factors. As I said, it's not perfect. That was certainly a black mark on the industry writ large, for certain.
November 21st, 2022Committee meeting
Adam Garetson
Industry committee I think there are a number of questions built in there, but the way I would like to address it is from a marketplace perspective. You'll hear a similar sentiment coming from regulators as well. We're not in the business of picking winners and losers. What we are seeing is that
November 21st, 2022Committee meeting
Adam Garetson
Industry committee I think one of the ways to look at that question is that disclosure is certainly very important when a new asset is created. It's what's being said in the white paper that creates it, what is being said by the founders. Platforms like ours have to provide disclosure statements
November 21st, 2022Committee meeting
Adam Garetson
Industry committee Sure. Thank you for the question. My own personal view is that for legacy traditional financial institutions, their most likely path of exploration in this space is primarily on the nature of the blockchain technology itself and which legacy systems can be improved based on that
November 21st, 2022Committee meeting
Adam Garetson
Industry committee If I could layer on there quickly, I think the hope from my perspective on the employment side is that regulatory certainty over Canadian-domiciled entities will foster confidence for employees working with companies in our space. You'll know who the regulators are, who the peopl
November 21st, 2022Committee meeting
Adam Garetson
Industry committee Related to that is enforcement on unregulated offshore platforms. Taxation is certainly one way, but other sanctions would be helpful as well to ensure that Canadians are using Canadian platforms.
November 21st, 2022Committee meeting
Adam Garetson
Industry committee Sure. Why don't I jump in? I'll just say right off the bat that I don't have an answer for you today. I apologize. I think one of the challenges with providing a true response to that question is with respect to disclosure. I analogize to the traditional securities world and pub
November 21st, 2022Committee meeting
Adam Garetson
Industry committee I understand. I think one of my colleagues may be better positioned to answer that. Mr. Mosoff, I was thinking the committee might benefit from—
November 21st, 2022Committee meeting
Adam Garetson
Industry committee Yes, exactly. Great.
November 21st, 2022Committee meeting
Adam Garetson
Industry committee Maybe I can jump in. I think this entails some of my previous comments. A good way to consider it conceptually is to think about the underlying blockchain technology and then use cases that can be built on top of it. For traditional industry, you may want to use blockchain to r
November 21st, 2022Committee meeting
Adam Garetson