Member

I will talk lastly about individuals and small businesses. Individuals have, to date, received a clear message that you can put your money into crypto—bitcoin is a good example—but it is not regulated, so you are genuinely at risk. The message that will go out is that this is regulated now. I am concerned that this is bonus day for scammers and that they now have a mechanism whereby they can convince many more people that this is a safe and approved investment that is being offered to them on the system. Can the Minister comment on that? Are there strategies in place to make sure that people understand that these regulations do not mean that anything they see is an approved investment?