Odaily Planet Daily News: Canada’s financial regulator, OSFI, said that under the legal framework for federal financial institutions, the legal nature of financial products and services depends on “what it is,” rather than “how it is implemented.” When financial institutions and their third parties launch innovative products such as tokenized and other digitized deposits, they must comply with existing laws and regulations and the guidance in B-13 “Technology and Cyber Risk Management” and B-10 “Third-Party Risk Management.” They should also proactively engage with the regulators before launching new products or services to obtain appropriate legal opinions.